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Oct. 11, 2021, 3:40 a.m. EDT

Asos shares tumble after profit warning and CEO departure

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By Steve Goldstein

UK:ASC

Fashion retailer Asos /zigman2/quotes/209092221/delayed UK:ASC -3.93% plunged 15% in early London trading after a profit warning and announcing the surprise departure of its chief executive. Citing supply-chain issues and higher costs, Asos said fiscal year adjusted pretax profit would fall to a range of £110 million to £140 million, from £193.6 million in the August-ending fiscal year, with first half sales in the single-digit growth range. Chief Executive Officer Nick Beighton has agreed to step down, and that Ian Dyson will become its next chairman.

/zigman2/quotes/209092221/delayed
UK : U.K.: London
2,300.00 p
-94.00 -3.93%
Volume: 370,854
Dec. 2, 2021 4:35p
P/E Ratio
18.33
Dividend Yield
N/A
Market Cap
£2.39 billion
Rev. per Employee
N/A
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