BUZZ-Australia's Step One Clothing hits near two-year low on bleak outlook
Reuters
Aug 20, 2025
BUZZ-Australia's <a href="https://laohu8.com/S/STPCF">Step One Clothing</a> hits near two-year low on bleak outlook
** Shares of Australia's Step One ClothingSTP.AX fall as much as 44.5% to A$0.38, their biggest intra-day pct gain since May 16, 2022
** Stock hits its lowest level since August 22, 2023
** The innerwear manufacturer says it expects earnings performance to moderate in the near term
** Sees FY26 EBITDA in the range of A$10 million ($6.45 million) to A$12 million vs EBITDA of A$17.4 million in FY25
** Stock last down 58.73%, bringing YTD losses to 59.1%
($1 = 1.5501 Australian dollars)
(Reporting by Shruti Agarwal in Bengaluru)
((Shruti.Agarwal@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.