Accent Group Ltd

AX1: XASX (AUS)
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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.

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