City Chic Collective Limited (AU:CCX) has released an update.
City Chic Collective Limited reported a decrease in FY24 sales revenue by 28.3% to $131.6m but saw a 47.3% improvement in underlying EBITDA loss, showing signs of a successful turnaround with cost savings and a strengthened balance sheet post-divestment of Avenue. The company’s positive momentum is set to continue with a targeted revenue of $142m-$160m and EBITDA of $11m-$18m for FY25, backed by a strong start in gross margin and average selling price improvements.
For further insights into AU:CCX stock, check out TipRanks’ Stock Analysis page.