Asos to come under investors’ spotlight in half-year results
Online fashion retailer Asos is set to come under close investor scrutiny this week, as it releases half-year results on Wednesday.
The London-listed firm, which is currently valued at more than £5.8bn, is expected to announce an increase in infrastructure spending of around £200m to £220m as it races to keep up with consumer demand.
The business has already made recent moves into selling make-up and its own-brand line of “activewear”.
Read more: Online stalwart Asos is in for a fashion face-off with Amazon's wardrobe service
Analysts believe this could be pushed further, into areas such as homeware.
Yet brokers have been split recently on whether investors would be better to buy or sell Asos shares.
Barclays analysts have said there is “still upside ahead” and Liberum retained the business as one of its top retail picks, while Canaccord Genuity advised shareholders last month to sell up.
A search is still underway for a new finance director, after Helen Ashton announced her departure last month.
Meanwhile Nick Beighton, the chief executive who is temporarily filling her shoes, will have nowhere to hide as investors pick apart Wednesday's announcement.
Read more: Asos CFO Helen Ashton to step down in surprise resignation
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