Australia · Delayed Price · Currency is AUD City Chic Collective Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 profitability and margins improved after a substantial cost reset, with strong early FY 2027 store trading. Priorities are profitable revenue growth, disciplined U.S. expansion, and sustained performance to rebuild investor confidence.
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Underlying EBITDA surged 92% to AUD 12.3 million, with ANZ revenue up 7.6% and gross margin improving to 60.6%. U.S.A. profitability was maintained despite lower revenue, and early FY 2027 trading shows strong store comp sales and stable margins.
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EBITDA rose 86% year-over-year, with strong margin and cash flow improvements driven by cost discipline and product focus. ANZ delivered robust growth, while the USA maintained profitability despite lower sales, and AI initiatives are enhancing operations.
Fiscal Year 2025
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The meeting highlighted a significant EBITDA turnaround, revenue growth, and successful cost reductions, with strategic focus on customer engagement, product quality, and operational efficiency. All board proposals were put to vote, with results to be announced via ASX.
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Delivered a $15 million EBITDA turnaround and returned to profitability, with strong sales growth in ANZ and a profitable USA segment. Cost-out initiatives and margin improvements support a positive cash flow outlook for FY 2026, with further growth expected from new stores and digital initiatives.
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EBITDA turned around by AUD 8.7 million, driven by cost-outs and margin improvements. ANZ business leads growth, while U.S.A. remains volatile, prompting revised guidance to AUD 137–147 million revenue and AUD 8–12 million EBITDA.
Fiscal Year 2024
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The meeting reviewed a challenging FY2024 marked by inflation and reduced demand, with significant cost reductions and a business transformation completed. Strategic plans include omnichannel expansion, a U.S. store trial, and a focus on high-value customers. Leadership accountability and governance were emphasized.
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Strong margin improvements and cost reductions led to a 10% outperformance of EBITDA forecasts, despite a 28% revenue decline. FY25 targets are AUD 142–160 million in revenue and AUD 11–18 million in EBITDA, with continued focus on high-value customers and operational efficiency.