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.