Accent Group (ASX:AX1) Full Year 2024 Results
Key Financial Results
- Revenue: AU$1.45b (up 2.4% from FY 2023).
- Net income: AU$59.5m (down 33% from FY 2023).
- Profit margin: 4.1% (down from 6.2% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: AU$0.11 (down from AU$0.16 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Accent Group EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.8%.
The primary driver behind last 12 months revenue was the Retail segment contributing a total revenue of AU$1.27b (87% of total revenue). The largest operating expense was General & Administrative costs, amounting to AU$346.6m (46% of total expenses). Explore how AX1's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Australia.
Performance of the Australian Specialty Retail industry.
The company's shares are down 9.8% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Accent Group you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About ASX:AX1
Accent Group
Engages in the retail, distribution, and franchise of lifestyle footwear, apparel, and accessories in Australia and New Zealand.
Reasonable growth potential with adequate balance sheet.
