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Frasers Group plc (FRAS), formerly Sports Direct International plc, is a British retailing group. Established in 1982 by Mike Ashley, the company is the United Kingdom's largest sports-goods retailer and operates roughly 670 stores worldwide.[3] The company owns many sporting brands and trades predominantly under the SportsDirect.com brand. Other retailers owned by the company include House of Fraser, Flannels, USC and Lillywhites. The company operates under low margins.
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The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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