City Chic Collective Limited ( (AU:CCX) ) has provided an update.
City Chic Collective Limited reported a significant financial turnaround in the first half of FY25, with an underlying EBITDA of $3.5 million, compared to a loss in the previous period. The company’s strategic actions have led to improved trading margins and cost efficiencies, particularly in the ANZ region, which saw a 9% sales growth during the holiday period. However, the USA market remains volatile, with slower economic recovery impacting sales. The company has revised its FY25 outlook, targeting revenue between $137 million and $147 million, and EBITDA of $8 million to $12 million. City Chic is focusing on cost reductions and strategic growth initiatives, including potential store trials and new partnerships in the USA.
More about City Chic Collective Limited
City Chic Collective Limited is a retailer in the fashion industry, primarily offering plus-size women’s clothing. The company focuses on markets in Australia, New Zealand, and the USA, with a strong emphasis on online sales and strategic partnerships.
YTD Price Performance: 45.00%
Average Trading Volume: 1,465,387
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$56.55M
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