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Step One Clothing Limited ( (AU:STP) ) has shared an update.
Step One Clothing Limited has announced a significant decline in its financial performance for the first half of FY26, with expected revenue between $30 million and $33 million, marking a 31% to 37% decrease from the previous year. The company also anticipates an EBITDA loss of $9 million to $11 million, largely due to a $10 million provision for inventory obsolescence. These challenges have led to the withdrawal of the company’s full-year EBITDA guidance as it reassesses its outlook amidst softer sales and inventory issues.
The most recent analyst rating on (AU:STP) stock is a Buy with a A$0.85 price target. To see the full list of analyst forecasts on Step One Clothing Limited stock, see the AU:STP Stock Forecast page.
More about Step One Clothing Limited
Step One Clothing Limited is a leading direct-to-consumer online retailer that specializes in high-quality, certified sustainable, and ethically manufactured underwear. The company caters to a broad range of body types and has gained a strong customer following through its innovative designs. Step One has expanded its operations internationally, with a presence in Australia, the US, and the UK.
Average Trading Volume: 199,325
Technical Sentiment Signal: Sell
Current Market Cap: A$88.96M
See more data about STP stock on TipRanks’ Stock Analysis page.