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Accent Group Limited (ASX:AX1)

ALERT: Price-sensitive ASX Announcement for AX1
Current share price for AX1 : $0.670 -0.12 (-15.19%)+
Announcement
Release
21 Aug 2026 8:50AM
Price at Release
$0.790
Full Release
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Summary
Accent Group Limited's FY26 Full Year Investor Presentation outlines the company's financial performance and strategic progress for the year ending 28 June 2026. Despite a challenging macroeconomic environment, Accent Group achieved significant growth, with total sales reaching $1.6 billion, a 0.9% increase from the previous year. Retail and wholesale sales saw respective increases of 4.0% and 10.8%. The company continued to expand its store network and launched the Sports Direct brand, contributing to improved margins. Strategic initiatives under the 2030 Growth Plan include the closure of non-performing businesses and cost optimizations. A final dividend of 1.25 cents per share was declared, rounding the total dividends for the year to 4.50 cents.
Key Points
  • Accent Group FY26 results presentation covers performance for the year ending on 28 June 2026.
  • The company demonstrated growth with a total sales increase to $1.6 billion, marking a 0.9% rise from FY25.
  • Retail sales reached $1.4 billion, showing a 4.0% increase from FY25, despite challenging economic conditions.
  • Wholesale sales also grew by 10.8%, contributing positively to overall performance.
  • Accent Group expanded its store network by opening 43 new stores, totaling 876 stores across Australia and New Zealand.
  • The strategic focus included the closure of loss-making businesses and underperforming brand exits.
  • Key financial highlights include an underlying EBIT of $105.3 million for FY26.
  • The company is progressing with its 2030 Strategic Growth Plan targeting operational efficiencies and growth investments.
  • Sports Direct was launched and expanded, with improvements in margins and plans for further growth.
  • A final dividend of 1.25 cents per share was declared, with total dividends for FY26 at 4.50 cents per share.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.