Australia's City Chic jumps most in over 2 months on strong sales, outlook

City Chic Collective

27/04/2022 02:21

** Apparel and accessories retailer City Chic Collective Ltd
 CCX.AX  rises as much as 12.3% to A$2.92, its biggest intraday
pct jump since Feb. 25
    ** Says https://static1.squarespace.com/static/5c08ac985b409b84d9c4451a/t/62688020109c925a6aafe075/1651015720297/27+April+2022+-+CCX+Announcement.pdf
 2H-to-date sales up 25%, with total sales growth of 47% in the
United States
    ** In February, CCX logged 1H sales revenue growth of about
50%
    ** Says 2H EBITDA to exceed 1H on strong consumer demand
    ** Adds that it is reviewing retail prices globally, with a
view to hike prices in categories with room for hike
    ** CCX third-biggest percentage gainer in the ASX 200
benchmark index  .AXJO 
    ** Down 52.7% this year, as of last close, vs a 1.7% decline
in the ASX 200 benchmark index  .AXJO  

($1 = 1.4008 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))