Accent Group Ltd
ASX:AX1
Accent Group Ltd
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.
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.
Sales Growth: Accent Group reported first-half sales of $865 million, up 2.4% on the prior year, with strong growth in key brands such as The Athlete's Foot, HOKA, Merrell, Nude Lucy, and Platypus.
Profitability: EBIT came in at $56.5 million, in line with earlier guidance, while net profit after tax was $28.1 million.
Store Network: The company opened 27 new stores (net 5, after closures), bringing its total store count to 898, including online.
Wholesale & Owned Brands: Wholesale sales rose over 9% to $91 million, and sales of vertical owned brands increased by 1.5% to $67 million.
Cost Management: Cost of doing business was well managed at 44.3%, with a focus on efficiency in leases, staffing, and marketing, offsetting inflationary pressures.
Guidance & Outlook: Second-half EBIT guidance confirmed at $30–$35 million (including Glue losses), assuming flat like-for-like sales and gross margin flat to prior year.
Dividend & Debt: A fully franked interim dividend of $0.0325 per share was announced, and a debt refinancing increased total facility to $372 million with improved terms.
Trading Update: In the first 8 weeks of H2 FY26, total owned sales grew 7.1% year-on-year, supported by new stores and brands.
