Shoe retailer Accent Group has flagged flat full-year earnings, as trading conditions remain challenging.
The company, whose brands include The Athlete’s Foot, Skechers, Dr. Martens and Timberland, said it expected earnings before interest and tax (EBIT) to be between $108 million and $111 million for the year ended 29 June 2025.
This compares with EBIT of $110.4 million in the 2024 financial year.
Accent Group said lower lifestyle footwear market growth from March to early June affected retail and wholesale sales.
“The prevailing promotional environment, along with a disciplined focus on managing inventory levels in a lower sales environment, continues to put pressure on gross margins,” the company said in an ASX announcement.
Like-for-like sales for the 23 weeks ended 8 June 2025 were 1.0% below the same period a year earlier.
Accent Group shares (ASX: AX1) closed 0.5 cents (0.28%) higher at $1.805 on Thursday, capitalising the company at $1.085 billion.
Accent Group is a retail and distribution company specialising in performance and lifestyle footwear, apparel, and accessories, which operates over 900 stores under more than 20 retail banners and manages 34 brands.
