Step One Clothing Reports Modest Growth Amid Challenging Market Conditions

Step One Clothing Limited ( (AU:STP) ) just unveiled an update.

Step One Clothing Limited reported a modest 3% revenue growth for FY25, reaching $86.9 million, despite challenging market conditions marked by subdued consumer spending and cost-of-living pressures. The company’s EBITDA saw a slight decline of 4%, while net profit after tax grew by 1%. CEO Greg Taylor highlighted the impact of consumer reliance on sales events and promotions on trading momentum, prompting a cautious marketing approach. Nevertheless, the company’s product quality and customer loyalty have remained strong, providing a solid foundation in a competitive market.

The most recent analyst rating on (AU:STP) stock is a Buy with a A$2.25 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 specializing in high-quality, certified sustainable, and ethically manufactured underwear. The company is known for its innovative designs that cater to a broad range of body types and has expanded its operations to Australia, the US, and the UK.

Average Trading Volume: 283,126

Technical Sentiment Signal: Sell

Current Market Cap: A$134.4M

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