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Accent Group Eyes $80M EBIT Amid Sales Growth and Margin Pressure
8:23am on Wednesday 29th of January, 2025 AEDT
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Retail
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Accent Group Eyes $80M EBIT Amid Sales Growth and Margin Pressure
8:23am on Wednesday 29th of January, 2025 AEDT
Key Points
H1 FY25 EBIT expected around $80 million including $3.3 million non-recurring items
Total Group owned sales up 4.6%, like-for-like retail sales up 2.9%
Gross margin down 100 basis points due to ongoing promotional pressures
Slower sales growth in final six weeks including Cyber weekend
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