The Accent Group Ltd (ASX: AX1) share price is in focus today after the company posted total sales of $1.64 billion and declared a fully franked final dividend of 1.25 cents per share for FY26.
What did Accent Group report?
- Total sales reached $1.64 billion, up from $1.62 billion in FY25
- EBITDA came in at $278.9 million (FY25: $288.8 million)
- Underlying EBIT was $105.3 million; underlying NPAT was $51.0 million
- Reported statutory NPAT loss of $13.8 million due to a $48.6 million goodwill impairment
- Final fully franked dividend of 1.25 cents per share; total dividends for FY26 were 4.5 cents (FY25: 7.0 cents)
What else do investors need to know?
Accent Group completed the closure of loss-making businesses, notably the OzSale and Glue operations, which removed about $17.8 million of annualised losses. This allowed management to focus on high-performing brands and new growth opportunities.
The company successfully continued its reacquisition of The Athlete’s Foot (TAF) franchise stores, acquiring 17 in FY26, with positive contributions from these locations. Meanwhile, the launch and rollout of Sports Direct saw three stores (plus online) trading by year-end, with strong early sales and plans to expand further.
Accent Group finished the year with 876 stores, opening 43 new storesâincluding key brands like HOKA, Stylerunner, UGG, Lacoste, and Sports Directâwhile closing 59, supporting the ongoing transformation and brand focus.
What did Accent Group management say?
Accent Group CEO Daniel Agostinelli said:
FY26 was a year of significant strategic progress for Accent Group despite a challenging macroeconomic backdrop. We completed the closure of loss-making businesses, launched and expanded Sports Direct, continued the TAF franchise reacquisition program, and released our 2030 Strategic Growth Plan. Whilst the consumer environment remained challenging, the business delivered underlying EBIT of $105.3 million and is well positioned for FY27, supported by initiatives being implemented under our 2030 Strategic Growth Plan
What’s next for Accent Group?
Looking ahead, management is driving several initiatives as part of its 2030 Strategic Growth Plan, aiming to reach at least $1.9 billion in sales, a 9%+ EBIT margin, and roughly 950 stores by the end of the decade. The focus includes ongoing cost savings, efficient capital use, new store rollouts, and digital investment, especially in vertical and performance brands.
Early trading in FY27 has shown positive signs, with owned sales (excluding closed businesses) up 3.2% in the first seven weeks. Gross margins improved in July as well, helped by disciplined inventory management, while the sports category and online channels remain resilient and key to future growth.
Accent Group share price snapshot
Over the past 12 months, Accent Group shares have declined 52%, trailing the All Ordinaries Index (ASX: XAO).
The post Accent Group reports FY26 results appeared first on The Motley Fool Australia.
Should you invest $1,000 in Accent Group right now?
Before you buy Accent Group shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Accent Group wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
* Returns as of 1 August 2026
.custom-cta-button p {
margin-bottom: 0 !important;
}
More reading
- Accent Group share price in focus as Frasers releases updated bidder’s statement
- Takeovers Panel declines to proceed on Accent Group takeover disclosure
- Accent Group issues update on Frasers takeover bid and business outlook
- Accent Group: Takeover bid extension announced
Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.