City Chic Collective lifts underlying EBITDA by 92%
- City Chic Collective reported a 92% surge in full-year underlying EBITDA to $12.3 million.
- Shares rose 6.98% to close at $0.046 following the release of the results.
- Profitability was driven by Australian sales growth, reduced overheads, and a deliberate inventory reset in the US market.
City Chic Collective (ASX:CCX) reported global sales revenue of $130.5 million for the full year ended June 28, supported by an Australia and New Zealand revenue expansion of 7.6%.
The result compares to the prior year's performance after the company executed cost-reduction measures that reduced its cost of doing business by $7.1 million.
"As previously advised, in the USA we made the deliberate decision to reduce purchasing during a period of tariff-related uncertainty," said City Chic CEO and Managing Director Phil Ryan.
The retailer reduced inventory by 11% to $24.1 million, ended the period with a net cash position of $5.2 million, and extended its $10 million debt facility to March 2028.
The company stated that its US strategy reset positions the business for growth in FY27 as fresh inventory returns to market.
Following the announcement, the City Chic Collective share price was up at $0.046.
City Chic operates as a global multi-channel retailer specialising in plus-size women's apparel, footwear, and accessories.
