Accent Group Expects AU$80 Million Profit Before Interest, Taxes in Fiscal H1

MT Newswires Live

Jan 29, 2025

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%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2507205865"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2507205865\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2507205865?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-29 07:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2507205865","market":"sh","top_or_hot":-1,"title":"Accent Group Expects AU$80 Million Profit Before Interest, Taxes in Fiscal H1","media":"MT Newswires Live","content":"<html><body><p> 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.</p><p>The guidance includes a positive net impact of AU$3.3 million relating to non-recurring items.</p><p>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.</p><p>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.</p><p>The company's shares were up almost 2% in recent Wednesday trade.</p><p>Price (AUD): $2.38, Change: $+0.040, Percent Change: +1.71%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Accent Group Expects AU$80 Million Profit Before Interest, Taxes in Fiscal H1</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAccent Group Expects AU$80 Million Profit Before Interest, Taxes in Fiscal H1\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-01-29 07:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> 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.</p><p>The guidance includes a positive net impact of AU$3.3 million relating to non-recurring items.</p><p>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.</p><p>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.</p><p>The company's shares were up almost 2% in recent Wednesday trade.</p><p>Price (AUD): $2.38, Change: $+0.040, Percent Change: +1.71%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0426412945.USD","symbol_name":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2507205865","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507205865","pubTimestamp":1738106348,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Accent Group  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 : $2.38, Change: $+0.040, Percent Change: +1.71%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0426412945.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) ACC","BK4125":"广播","LU0994945656.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC 2","AX1.AU":"ACCENT GROUP LTD","LU0426417589.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","LU1043141123.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) INC 2","LU2238339852.HKD":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (HKD) ACC","BK7021":"服装零售"},"translate_title":"Accent Group预计上半年息税前利润为8000万澳元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AX1.AU":0.9,"AUD":1},"content_text":"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%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}