Nov 19 (Reuters) - Accent Group Ltd (AX1) :
- EXPECTS TO OPEN MORE THAN 120 NEW STORES IN FY22
- TRADE FOR FIRST 18 WEEKS ENDED 31 OCT SIGNIFICANTLY IMPACTED BY STATE AND TERRITORY-WIDE GOVERNMENT MANDATED STORE CLOSURES
- GROUP EBIT IS ABOUT A$40 MILLION BELOW ORIGINAL MANAGEMENT PLAN FOR FIRST 4 MONTHS OF YEAR
- IMPACT ON OWNED RETAIL SALES (INCLUDING DIGITAL) FOR THE FIRST 18 WEEKS WAS A$86 MILLION, BELOW THE ORIGINAL MANAGEMENT PLAN
- GROUP SALES AND GROSS MARGIN FOR LAST 3 WEEKS HAVE BEEN POSITIVE AND LARGELY IN-LINE WITH EXPECTATIONS
- DETERMINED NOT TO PROVIDE ANY FORWARD GUIDANCE AT THIS TIME
News: AX1 Accent Group Says Expects To Open More Than 120 New Stores In FY22
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