Australia's Step One Clothing gains on upbeat FY24 forecast

Step One Clothing

17/07/2024 01:43

** Shares of Step One Clothing  STP.AX  rise as much as
19.9% to A$1.750, their highest since late April 
    ** The online retailer says it expects its FY24 earnings
before interest, tax, depreciation and amortisation to be A$17
mln ($11.44 mln), compared with A$12 mln in FY23 
    ** Co also forecasts FY24 revenue to be A$84 mln versus A$65
mln in FY23 
    ** Stock has risen ~45.3% this year, as of last close

    ($1 = 1.4865 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))