Accent Group Limited (ASX: AX1) reported strong growth in H1 FY26, with total sales of AU$865.2 million, up 2.4% year-on-year. The company saw owned sales increase by 5.7%, driven by retail and wholesale segments, despite challenges from a promotional trading environment. Key brands, including HOKA, Merrell, and Lacoste, delivered solid performance. The gross margin declined by 2.6 percentage points to 53.0%, impacted by inventory management and the weakening AUD/USD exchange rate.
Despite the obstacles, EBITDA reached AU$156 million, reflecting a modest decline compared to the prior period. EBIT dropped by 30%, with pro-forma EBIT from continuing businesses reaching AU$72.7 million. Net profit after tax (NPAT) fell by 40.5% to AU$28.1 million.
Looking ahead, the company continues to focus on expanding its store network, including the launch of Sports Direct and new stores for brands like HOKA. An interim dividend of 3.25 cents per share has been declared
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Accent Group Limited - H1 FY26 Financial Overview
Accent Group Limited (ASX: AX1) reported strong growth in H1 FY26, with total sales of AU$865.2 million, up 2.4% year-on-year. The company saw owned sales increase by 5.7%, driven by retail and wholesale segments, despite challenges from a promotional trading environment. Key brands, including HOKA, Merrell, and Lacoste, delivered solid performance. The gross margin declined by 2.6 percentage points to 53.0%, impacted by inventory management and the weakening AUD/USD exchange rate.
Despite the obstacles, EBITDA reached AU$156 million, reflecting a modest decline compared to the prior period. EBIT dropped by 30%, with pro-forma EBIT from continuing businesses reaching AU$72.7 million. Net profit after tax (NPAT) fell by 40.5% to AU$28.1 million.
Looking ahead, the company continues to focus on expanding its store network, including the launch of Sports Direct and new stores for brands like HOKA. An interim dividend of 3.25 cents per share has been declared
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au