Accent shares fall sharply after guidance anticipates no earnings growth
Make us a preferred source
Make us a preferred source on Google
The news: Shares in sports shoes and apparel retailer Accent Group plummeted in morning trading after the company announced full-year earnings guidance for FY25 that is marginally lower than FY24.
The numbers: Shares in Accent had fallen 19.9% to $1.44 at 10:40am AEST.
Accent told the exchange on Thursday evening that it expects the group’s full-year earnings before interest and tax to be in the range of $108 million and $110 million.
This is lower than the $110.4 million full-year earnings before interest and tax reported in FY24.
Like-for-like sales for the 23 weeks ended 8 June 2025 were down 1%, with sales down 2.5% in the period between week eight and week 23. The company's gross margin fell 80 basis points in the second half of 2025 to date when compared to the same period last year.
The context: Accent said trading conditions through the second half of FY25 have been challenging, particularly due to low overall growth in the lifestyle footwear market. This dragged on retail and wholesale sales from March to early June, the company said.
The source: ASX
