Brief: City Chic Collective Expects To Trade Profitably In H2 FY24

City Chic Collective

22/11/2023 01:18

Nov 22 (Reuters) - City Chic Collective Ltd  CCX.AX :
    * EXPECT TO TRADE PROFITABLY IN H2 FY24 AS BENEFITS OF
STRATEGIC
PLAN ARE REALISED
    * TARGETING 60% GROSS MARGIN AND FULFILMENT COST OF 19% INTO
Q4
    * ON TRACK TO ACHIEVING FINANCIAL TARGETS, INCLUDING BEING
CASH
POSITIVE AT END OF FY24
    * REVENUE TREND IN OCTOBER AND NOVEMBER GIVING CONFIDENCE
INTO
BLACK FRIDAY AND CHRISTMAS PERIODS
    * FY24 Q1 REVENUE DOWN 32% PCP
    * Q2 TO DATE REVENUE DOWN 29% PCP

Source text for Eikon:  ID:nASX3pQqp9 
Further company coverage:  CCX.AX 

 ((Reuters.Briefs@thomsonreuters.com;))