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Accent Group Ltd ( (AU:AX1) ) just unveiled an announcement.
Accent Group Limited has reported challenging trading conditions in the second half of the fiscal year 2025, with low growth in the lifestyle footwear market affecting both retail and wholesale sales. The company is experiencing pressure on gross margins due to a competitive promotional environment and a focus on managing inventory levels. Like-for-like sales have decreased by 1.0% over 23 weeks, and gross margins have fallen by 80 basis points compared to the previous year. Despite these challenges, the company expects its full-year EBIT to be between $108.0 million and $111.0 million.
The most recent analyst rating on (AU:AX1) stock is a Buy with a A$2.20 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 lifestyle footwear industry, focusing on both retail and wholesale segments. The company is known for managing a variety of footwear brands and is listed on the Australian Securities Exchange (ASX:AX1).
Average Trading Volume: 1,280,850
Technical Sentiment Signal: Hold
Current Market Cap: A$1.11B
For detailed information about AX1 stock, go to TipRanks’ Stock Analysis page.