Australia's City Chic Collective slumps on bleak earnings view

City Chic Collective

20/12/2022 24:20

** Shares of apparel retailer City Chic Collective  CCX.AX 
fall as much as 25.4% to A$0.440, their lowest since May 2018 
    ** Says it expects to incur a small EBITDA loss in the first
half of FY23 due to reduced revenue and higher fulfilment costs
 urn:newsml:reuters.com:*:nASXW7jVs
    ** Says its YTD revenue slipped 7% to A$157.1 mln ($105.34
mln)
    ** About 11.1 mln shares change hands compared with a 30-day
average of 5.1 mln shares 
    ** Stock eyes worst day since Nov 28, if losses hold, and Is
on track for a sixth consecutive session of losses 
    ** Stock down ~89.3% this year as of last close 
($1 = 1.4914 Australian dollars)
 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))