Accent Group Limited (ASX:AX1) Releases FY25 Trading Update
Trading Performance
Accent Group Limited reported that trading conditions remained challenging in the second half of the year. Low growth in the lifestyle footwear market from March to early June negatively impacted sales in both retail and wholesale segments. The promotional environment and disciplined inventory management pressured gross margins. Like for Like sales for the 23 weeks ended 8 June 2025 declined by 1.0%, compared to a 2.5% decline in the previous period. Gross margin percentage for H2 is down approximately 80 basis points compared to the same period last year.
Financial Forecast
The Company expects Group EBIT (post AASB16) for the full year ended 29 June 2025 to be in the range of $108.0 million to $111.0 million.
Outlook
Accent Group will release its full year FY25 results on Friday, 22 August 2025, with an investor briefing call scheduled for 10am on the same day.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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