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Accent Group Ltd ( (AU:AX1) ) has issued an update.
Accent Group Limited reported a slight increase in total sales to $1.62 billion for FY25, with an EBIT of $110.2 million and NPAT of $57.7 million. The company opened 54 new stores and extended its Skechers distribution agreement to 2035, highlighting its strategic growth initiatives. Despite a challenging consumer environment affecting gross margins, Accent Group maintained strong inventory management and cost efficiency. The company also expanded its distribution agreements with brands like Lacoste and Dickies, reinforcing its market position.
The most recent analyst rating on (AU:AX1) stock is a Buy with a A$1.95 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 a prominent player in the retail industry, specializing in footwear and apparel. The company operates a wide range of stores and has a strong market presence in Australia and New Zealand, focusing on brands such as Skechers, The Athlete’s Foot, and Hype.
Average Trading Volume: 2,207,678
Technical Sentiment Signal: Sell
Current Market Cap: A$943.5M
See more insights into AX1 stock on TipRanks’ Stock Analysis page.