Accent Group lifts sales, reshapes portfolio and backs growth plans in H1 FY26

Accent Group Ltd ( (AU:AX1) ) has provided an update.

Accent Group reported half-year FY26 earnings before interest and tax of $56.5 million and net profit after tax of $28.1 million on total sales of $865.2 million, with owned sales up 5.7% and like-for-like retail growth of 0.9%. Management highlighted solid performances from The Athlete’s Foot, HOKA, Merrell, Nude Lucy and Platypus, tighter control of operating costs and inventory, and a fully franked interim dividend of 3.25 cents per share, alongside clean aged stock levels.

The company is reshaping its store portfolio by closing loss-making Glue Store outlets while expanding higher-potential banners, opening 27 stores and closing 21 in the half to end with 898 locations. It also advanced key growth platforms with the launch of the first Sports Direct store and website, strong wholesale momentum in HOKA, Lacoste and Ugg, and a larger, lower-cost debt facility extended to 2028, positioning the group for further expansion despite a promotional retail environment and currency headwinds.

The most recent analyst rating on (AU:AX1) stock is a Hold with a A$0.93 price target. To see the full list of analyst forecasts on Accent Group Ltd stock, see the AU:AX1 Stock Forecast page.

More about Accent Group Ltd

Accent Group Limited is an Australian footwear and apparel retailer and wholesaler with a portfolio of banners including The Athlete’s Foot, Platypus, HOKA, Merrell and premium lifestyle brand Lacoste. The group operates nearly 900 stores, a growing network of branded websites and wholesale channels, with a focus on athletic, lifestyle and performance footwear across Australia and New Zealand.

Average Trading Volume: 2,625,445

Technical Sentiment Signal: Sell

Current Market Cap: A$540.9M

For detailed information about AX1 stock, go to TipRanks’ Stock Analysis page.