Accent Group Witness a Lift in Online Sales

1 min read | June 25, 2020 01:24 PM AEST | By Team Kalkine Media

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Accent Group (ASX:AX1) provided trading update for FY20 stating that its online sales have strengthened in May and June. The results include:

EBIDTA expected to be at 10% above the $108.9 million in FY19
Total year to date sales (till 21 June) for FY20 stood at $923 million with adjusted like-for-like sales increasing 1.6%
Digital sales were up 150% on April to June 2020 ((till 21 June)) over pcp
Australian and New Zealand stores reopened on 11 May and 22 May respectively for trade
Re-opening of stores was enabled by the Jobkeeper program in Australia and the New Zealand wage subsidy scheme

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