Accent Group Ltd
AX1: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|#>kd<! | LOCK|^y | LOCK|#?%PH>n |
Accent: Market Overreacts to Soft Second Half
In the first 23 weeks of second-half fiscal 2025, Accent's like-for-like sales are down 1% from a year ago and gross margins contracted 80 basis points due to discounting. Management expects fiscal 2025 EBIT between AUD 108 million and AUD 111 million. Shares dived 25% on the update.
