Accent Group Falls 13% on Profit Warning

Accent Group (ASX:AX1) shares plunged 13% after issuing a profit warning and cutting 2H FY2026 EBIT guidance.
Revised EBIT range now A$23‑A$28 million, 22% lower at midpoint and 20% below consensus of A$31.8 million, including A$2 million restructuring costs.
Like‑for‑like sales fell 1% in H2 through May 3 versus expected 0.7% growth, with April sales down about 3.6%.
Gross margin slipped to 54.2% through April 26, down 80 bps, and a cost‑reduction program aims for FY2027 savings.