I realised that my previous comment regarding gross margin for H2 23 was a bit too negative.
In fact, it is a good performance, as their gross margin for H2 increased slightly (55.2 % vs 55 % for H2 22) while their lfl sales growth increased by 8 % (half may be due to the fact that FY 23 had 53 weeks vs 52 weeks for FY 22).
Anyway, Accent is one of the scarce retailers which has been able to increase both lfl sales and GM during H2 23.
Ann: FY23 Full-Year Investor Presentation, page-19
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