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An announcement from Accent Group Ltd ( (AU:AX1) ) is now available.
Accent Group Limited reported a robust financial performance for H1 FY25, with total sales reaching $845 million, a 4.2% increase from the previous year. The company’s EBIT grew by 11.5% to $80.7 million, while NPAT was $47.2 million. The company opened 42 new stores, bringing the total to 903, and signed new distribution agreements with Lacoste and Dickies. Despite a challenging consumer environment affecting gross margins, Accent Group managed to control costs effectively. The company is poised for further growth with plans to open more stores and the introduction of new distributed brands.
More about Accent Group Ltd
Accent Group Limited operates in the retail industry, primarily focusing on footwear and apparel. The company manages a portfolio of owned and distributed brands, including Hoka, Stylerunner, and Nude Lucy, and has secured distribution agreements for brands like Lacoste and Dickies. With a network of 903 stores, Accent Group has a significant presence in the market and continues to expand its retail footprint.
YTD Price Performance: -8.97%
Average Trading Volume: 1,292,496
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.21B
Learn more about AX1 stock on TipRanks’ Stock Analysis page.
