Accent Group Limited announced earnings guidance for the fiscal year 2020. Like for Like (LFL) retail sales for the first 7 weeks of the first half of 2020 are up 2.7%. The Group is targeting profit growth in fiscal year 2020, expected to be achieved through low single digit LFL growth, continued strong digital growth, 40 new stores, 54 stores annualizing from fiscal year 2019 and 65 current and new TAF corporate stores. Both gross profit margin % and cost of doing business % are expected to be in line with the prior year. The underlying gross margin % is expected to grow as a result of increased vertical brand and product penetration and TAF margin expansion, offset by the currency impact of a lower AUD. The company expects the profit impact of The Trybe and PIVOT to be broadly neutral in fiscal year 2020.