0046 GMT - Accent Group's guidance cut causes particular concern at RBC due to the suddenness of the sales downturn it implies. The footwear and apparel retailer cut its second-half EBIT guidance range by more than 20% at the midpoint despite commenting that trading was in line with expectations through to the end of March. RBC analyst Jackie Moody observes that this implies the downgrade is only representative of weaker-than-expected trading in the June quarter. Moody tells clients in a note that further interest-rate hikes or escalating conflict in the Middle East could further hit consumer sentiment, warning of the impact on forecasts if conditions persist into Accent's 2027 fiscal year. RBC has a last-published sector perform rating and A$1.30 target price on the stock, which is down 9.7% at A$0.56. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

May 03, 2026 20:46 ET (00:46 GMT)

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