Frasers Group/£FRAS

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About Frasers Group

Frasers Group Plc operates in the retail industry, with a focus on the sale of sporting goods, clothing, and accessories. The company owns a variety of well-known retail brands, including Sports Direct, House of Fraser, and Flannels, which form its core business segments. Founded by Mike Ashley in 1982 as a single-store sports shop, the company has expanded significantly, acquiring various brands to strengthen its market presence. Headquartered in Shirebrook, United Kingdom, Frasers Group has a substantial geographic footprint, particularly across the UK and Europe. Its competitive strength lies in its diverse brand portfolio and strategic acquisitions, which enhance its ability to offer a wide range of products to different consumer demographics.
Ticker
£FRAS
Primary listing
LSE
Employees
33,000

Frasers Group Metrics

BasicAdvanced
£3.4B
8.94
£0.87
1.24
-

What the Analysts think about Frasers Group

Analyst ratings (Buy, Hold, Sell) for Frasers Group stock.
Analyst projections of the future price of Frasers Group stock.

Bulls say / Bears say

Core retail execution improved: retail profit from trading rose 22.1% to £912.5m and group gross margin increased by 160 basis points to 48.4%. UK Sports profit also rose 17.6%, suggesting the Elevation Strategy is improving mix and profitability even where sales are soft. (Frasers Group, Financial Times)
International expansion is becoming a meaningful growth engine: international revenue increased 59.2% after the Holdsport and XXL acquisitions. New Sports Direct openings in markets including Australia, Malta and the Middle East give the group additional room to grow beyond the UK. (Frasers Group, Financial Times)
There are signs of progress in higher-value customer channels: Flannels returned to sales growth, while Frasers Plus reached 1.1 million active customers and generated £340m of sales. A recovery in luxury demand and broader loyalty adoption could support future margins and repeat spending. (Retail Gazette, Financial Times)
Underlying earnings weakened despite higher sales: adjusted pre-tax profit fell 4% to £538m and missed both company guidance and analysts’ expectations. Frasers also withheld FY27 guidance, leaving investors without a clear near-term earnings benchmark. (Reuters, Retail Gazette)
The acquisition-led strategy is increasing financial leverage: net debt excluding securitisation rose to £1.17bn from £847.5m, while net interest on bank loans and overdrafts reached £118.5m. Further spending on Hugo Boss and Accent could add leverage and execution risk before the existing portfolio has fully matured. (Retail Gazette, Frasers Group)
Recent acquisitions have already required substantial write-downs: Frasers booked £249.9m of impairment charges, including full goodwill write-downs for XXL, Twinsport and Everlast. The international division also recorded an operating loss, raising questions about integration and whether expansion will earn an adequate return. (Reuters, RTE)
Data summarised monthly by Lightyear AI. Last updated on 16 Sept 2026.

Frasers Group Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Frasers Group Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Frasers Group

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