ASOS share price: what to expect from its Q3 results
The low-cost online fashion retailer has seen its share price lose more than 35% of its value since April, with it seemingly no longer immune to the perils affecting its high street rivals ahead of its Q3 results next week.
![ASOS](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/news-article-image-folder/bg asos 508521.png/jcr:content/renditions/original-size.webp)
When is ASOS’ results date?
ASOS will unveil its Q3 results on July 23.
ASOS’ results preview: what does the City expect?
So far this year, ASOS has performed relatively well, with it securing a 14% growth in sales in a highly competitive fashion retail market.
However, its performance has not been reflected in its share price, with its stock losing more than 35% of its value since late-April, as investors seemingly feel that the online fashion retailer is no longer immune from the pressures plaguing many of its high street rivals.
In December last year, the company warned investors about a ‘significant deterioration’ in pre-Christmas trading, which saw its share price tumble more than 40%, falling to £21.28 a share.
Over the first four months of 2019, ASOS managed to claw back its losses, hitting £40.66 a share in late-April, only to see its share price slowly decline once again, with it trading at £26.61 levels as of 11:55 GMT on Monday.
Practice trading ASOS and other fashion retail stocks with an IG demo account.
The company is near the end of a major capital expenditure programme that has seen the business invest heavily in expanding its operations, particularly in the US as well as grabbing significant market share in other key geographies.
‘We now have the tech platform, the infrastructure, a constant conversation with our growing customer base who love our own great product and the constantly evolving edit of brands we present to them,’ ASOS CEO Nick Beighton said.
‘We believe that ultimately there will only be a handful of companies with truly global scale in this market. We are determined that ASOS will be one of them,’ he added.
ASOS remains confident that its performance will improve in the second half of the year, with the company leaving its full-year guidance unchanged.
Investors will be hoping the company is able make good on its promise of a stronger H2 performance, which will hopefully have the power to reinvigorate its share price.
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Please see important Research Disclaimer.
Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
![](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/Rebrand/Article_banners/European-central-bank-banner.jpg/jcr:content/renditions/original-size.webp)
European Central Bank meeting
Learn about how the ECB meeting affects interest rates and price stability ahead of the next announcement.
- How might the next meeting affect the markets?
- What are the key rate decisions to watch?
- Why is the Governing Council announcement important for traders?
Live prices on most popular markets
- Forex
- Shares
- Indices
See more forex live prices
See more shares live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
See more indices live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.