Accent Group Ltd
ASX:AX1

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Accent Group Ltd Logo
Accent Group Ltd
ASX:AX1
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Price: 0.96 AUD -0.52% Market Closed
Market Cap: 577.1m AUD

Accent Group Ltd
Investor Relations

Accent Group Ltd. operates as an investment holding company, which engages in the retail of performance and lifestyle footwear. The company is headquartered in Richmond, Victoria and currently employs 5,321 full-time employees. The company went IPO on 2004-07-07. The firm operates with approximately 638 stores. The firm's geographical segments include Australia and New Zealand. The company also operates online platforms across Australia and New Zealand. The Company’s brands include 4Workers, Dr. Martens, HypeDC, PIVOT, Platypus, Saucony, SneakerLab, Stance, Supra, TheTrybe, Vans, CAT, EXIE, Merrell, Palladium, SUBTYPE, Skechers, Sperry, Stylerunner, The Athlete’s Foot and Timberland. The Company’s subsidiaries include The Athlete's Foot Australia Pty Ltd, TAF Constructions Pty Ltd, RCG Brands Pty Ltd, TAF Partnership Stores Pty Ltd, Accent Group Ltd,,RCG Grounded Pty Ltd, Cremm Pty Ltd and Subtype Limited.

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Last Earnings Call
Fiscal Period
Q2 2021
Call Date
Feb 23, 2021
AI Summary
Q2 2021

Record Profit: Accent Group delivered record half-year profit, with EBITDA up 44% to $97.5 million and net profit after tax up 57.3% to $52.8 million.

Surging Digital Sales: Digital sales grew 110% year-on-year and made up 22.3% of total sales for the half.

Store Expansion: 50 new stores were opened in the half, and the company now expects to open 90 stores in FY21, up from previous guidance of 80.

Growing Customer Database: Accent Group added 800,000 new contactable customers, increasing its database to 7.6 million.

Strong Start to H2: Like-for-like sales were up 10.7% and digital sales up 65% in the first 8 weeks of the second half, despite lockdowns.

Dividend Increase: Interim dividend raised 52% to $0.08 per share, fully franked.

No FY21 Guidance: The company did not provide full-year guidance due to ongoing COVID-19 uncertainty.

Key Financials
EBITDA
$97.5 million
Net Profit After Tax
$52.8 million
Digital Sales
22.3% of sales
Owned Retail Sales
$486 million
Contactable Customers
7.6 million
Vertical Product Sales
$10 million
Interim Dividend per Share
$0.08
Like-for-like Sales (H2 first 8 weeks)
up 10.7%
Digital Sales (H2 first 8 weeks)
up 65%
New Stores Opened
50
Earnings Call Recording
Other Earnings Calls
2021

Management

Mr. Daniel John Agostinelli
Group CEO, Interim Divisional CEO for Accent Vertical & Apparel Brands and Executive Director
No Bio Available
Mr. Matthew Durbin C.P.A.
Group CFO & COO and Joint Company Secretary
No Bio Available
Mr. Matt Hapgood
Divisional CEO of Accent Distributed Brands
No Bio Available
Mr. Michael John Hapgood
Co-Founder & Non-Executive Director
No Bio Available
James Anderson
Chief Information Officer
No Bio Available
Ms. Nicole Amanda Nuttall
General Counsel & Joint Company Secretary
No Bio Available
Mr. Steve Cohen
Divisional CEO of Accent Retail Brands
No Bio Available
Mr. Ben Hapgood
Country CEO for New Zealand
No Bio Available
Kirsty Joanne Spark
Company Secretary
No Bio Available

Contacts

Address
VICTORIA
RICHMOND
2/64 Balmain Street
Contacts
+61394279422.0
www.accentgr.com.au