ASX:AX1Specialty Retail
Accent Group (ASX:AX1) Refocuses on Earnings Quality as Glue Store Exit Follows Dividend Cut
In late February 2026, Accent Group reported half-year sales of A$816.99 million and net income of A$28.09 million, announced a lower fully franked interim dividend of A$0.0325 per share, confirmed H2 FY26 EBIT guidance of A$30 million–A$35 million, detailed plans to exit its loss-making Glue Store chain, and appointed long-time executive Matthew Durbin as Finance Director and Executive Director.
The combination of solid top-line growth but weaker profit, a dividend cut, the closure of an...