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Step One Clothing Limited (ASX:STP)

ALERT: Price-sensitive ASX Announcement for STP
Current share price for STP : $0.145 -0.615 (-80.92%)+
Announcement
Release
24 Jul 2025 8:48AM
Price at Release
$0.760
Full Release
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Summary
Step One Clothing Limited (STP) provided its trading update for the period ending 31 March 2024. The company reported a 12% increase in group revenue when compared to the previous corresponding period, driven by growth in both the Australian and UK markets. Gross margin improved by 2.1 percentage points, attributed to better product mix and cost management. STP highlighted continued investment in marketing, technology, and international expansion to support future growth. The company reaffirmed its FY24 guidance, expecting continued revenue growth and improved profitability, and emphasized its strong cash position and debt-free balance sheet.
Key Points
  • Step One Clothing Limited (ASX: STP) issued a trading update on 8 May 2024.
  • Group revenue increased by 12% for the period ending 31 March 2024 versus the prior corresponding period.
  • Revenue growth was recorded in both the Australian and UK markets.
  • Gross profit margin increased by 2.1 percentage points due to improved product mix and cost management.
  • The company continues to invest in marketing, technology, and international expansion.
  • FY24 guidance was reaffirmed, with expectations for further revenue growth and profitability.
  • STP maintains a strong cash position and remains debt-free.
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.