Accent Group (ASX:AX1) Targets Growth via Brand Deals, Store Expansion, and Omnichannel Focus.

Mon 12 May 25, 06:32 AM | Team Kalkine

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Highlights

Accent Group Limited (ASX:AX1) is a retailer and distributor of branded lifestyle and performance footwear and apparel. In the half-year ended 31 December 2024 (1HFY25), Accent Group posted total sales of AUD 844.6 million, marking a 4.2% increase from the previous corresponding period. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose slightly by 0.5% YoY to AUD 158.3 million, while net profit after tax (NPAT) jumped 11.7% YoY to AUD 47.2 million in 1HFY25.

The growth was primarily fuelled by robust demand for key brands such as HOKA, Stylerunner, and The Athlete’s Foot. Additionally, the company opened 42 new stores in 1HFY25. Strategic brand partnerships with Lacoste and Dickies, coupled with efficient cost management, helped mitigate the effects of promotional pressures, inflation, and a competitive retail landscape.

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