Accent Group FY2026 slides: strategic reset amid retail headwinds

Accent Group's FY2026 results revealed a strategic reset amid retail headwinds, with underlying EBIT of AUD 105.3 million and a statutory net loss of AUD 13.8 million. Shares fell 7.59% to $0.73. Despite modest growth in total sales including franchisees (0.9% to $1.6 billion), like-for-like sales trends weakened. The company reported progress on its 2030 Strategic Growth Plan, with improved gross margins (53.1% vs. 54.9% in FY25) and a 100 basis point improvement in the cost of doing business to 45.6%.

Accent closed loss-making businesses and exited distribution agreements, while opening 43 new stores. The Athlete’s Foot franchise reacquisition program continued, with 17 buybacks during FY2026. The company expects the TAF program to contribute $14 million of incremental EBIT by 2030. Management identified $40 million in gross cost savings opportunities through FY28, with $30 million already realized in FY27.