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The latest announcement is out from Accent Group Ltd ( (AU:AX1) ).
Accent Group Limited reported a 3.7% increase in total sales for the first 20 weeks of FY26, despite a challenging retail market and a slight decline in like-for-like retail sales. The company is managing costs and inventory effectively, but expects lower EBIT for H1 due to promotional pressures and the discontinuation of MySale operations. The opening of the first Sports Direct store marks a significant expansion milestone, with plans for further store openings in the coming years.
The most recent analyst rating on (AU:AX1) stock is a Hold with a A$1.50 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 operates in the retail industry, focusing on sports and lifestyle footwear. The company distributes brands such as HOKA, Saucony, and Merrell, and has recently extended distribution agreements with Skechers and HOKA. Accent Group is expanding its presence in Australia and New Zealand with the launch of Sports Direct stores.
Average Trading Volume: 2,050,836
Technical Sentiment Signal: Sell
Current Market Cap: A$709.2M
Learn more about AX1 stock on TipRanks’ Stock Analysis page.