Step One Clothing Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Step One Clothing (ASX:STP) Full Year 2024 Results

Key Financial Results

• Revenue: AU$84.5m (up 30% from FY 2023).
• Net income: AU$12.4m (up 44% from FY 2023).
• Profit margin: 15% (up from 13% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: AU$0.067 (up from AU$0.046 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Step One Clothing Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Australia.

Performance of the Australian Specialty Retail industry.

The company's shares are up 2.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Step One Clothing that you need to take into consideration.

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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.