Accent Group (ASX:AX1) expects to post earnings before interest and taxes of roughly AU$80 million for the first half of fiscal 2025, according to a Wednesday filing with the Australian bourse.
The guidance includes a positive net impact of AU$3.3 million relating to non-recurring items.
Total group owned sales for the first half rose 4.6%, while like-for-like retail sales grew 2.9% for the 26 weeks ended Dec. 29, 2024. Trading gross margin fell 100 basis points during the first half compared with a year earlier.
Meanwhile, the footwear retailer and distributor said it remains in active discussions with Frasers Group, which acquired a 14.6% strategic stake in the company last August 2024.
The company's shares were up almost 2% in recent Wednesday trade.
Price (AUD): $2.38, Change: $+0.040, Percent Change: +1.71%
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