Step One’s (ASX: STP) share price jumps over 382% in a year. Here’s why.

Mon 29 Jul 24, 12:54 AM | Team Kalkine

Image source: Pexels

Highlights

Step One Clothing Limited (ASX: STP) is a direct-to-consumer online retailer of innerwear, offering an exclusive range of underwear that suits a broad range of body types. The e-commerce firm provides a selection of underwear and innerwear made from certified materials.

In the first half of the financial year 2024 (1HFY24), the company reported revenue of AUD 45.1 million, up 25.5% over 1HFY23, driven by an increase across all markets during the reported period. Meanwhile, EBITDA reached AUD 10.1 million, up 35.6% over 1HFY23. The period saw 34.7% YoY jump in NPAT to AUD 7.11 million.

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