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Accent Group Ltd ( (AU:AX1) ) has shared an update.
Accent Group Limited reported an expected Group EBIT of approximately $80 million for the first half of FY25, including a positive impact from non-recurring items. While total group sales increased by 4.6%, the gross margin was pressured by a competitive promotional environment. The company is progressing in strategic negotiations with Frasers Group, anticipating final agreements in the latter half of FY25.
More about Accent Group Ltd
Accent Group Limited operates in the retail industry, focusing on footwear and apparel. The company engages in both wholesale and retail sales, with a strategic emphasis on maintaining clean inventory levels and controlling operational costs.
YTD Price Performance: 0%
Average Trading Volume: 1,259,841
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.32B
For a thorough assessment of AX1 stock, go to TipRanks’ Stock Analysis page.
