City Chic Collective Limited (ASX:CCX) Announces FY25 Trading Update
Financial Performance
Global sales revenue reached $134.7 million, a 2.3% increase from FY24. Underlying EBITDA improved to between $6.0 million and $6.5 million, reversing the $8.4 million loss in FY24. Trading margin rose by 3.6 percentage points.
Operational Highlights
Comparable store sales grew by 8.4%, with second half FY25 growth of 10.3%. Inventory decreased by 12% to $27.2 million, and the cash balance stood at $8.0 million with $5.0 million remaining undrawn from a $10.0 million debt facility.
Executive Comments
Phil Ryan, Chief Executive Officer and Managing Director, stated, “I am pleased with the EBITDA turnaround – returning to profitability is a significant milestone for the business. We’re making strong inroads in our margin improvements and cost base reductions and are now focused on driving revenue growth, that will deliver sustainable profitability.”
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