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City Chic Collective Limited (ASX:CCX)

ALERT: Price-sensitive ASX Announcement for CCX
Current share price for CCX : $0.052 -0.058 (-52.73%)+
Announcement
Release
24 Feb 2026 8:29AM
Price at Release
$0.110
Full Release
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Summary
City Chic Collective Limited presented its Half Year Results for FY26, highlighting a strategic turnaround to profitability with an underlying EBITDA of $6.5 million, which represents an 86% growth on the previous corresponding period. The revenue for the half-year was $69.2 million, with the Australian and New Zealand markets experiencing a 7.4% increase. Despite this, the US market saw a significant decline of 31.7% due to reduced inventory amidst tariff-related volatility. The company focused on improving its operations with AI-driven efficiencies and a disciplined promotional strategy to boost full-price product sales, leading to a 10.1% growth in trading gross margin. City Chic also made significant strides in embedding AI across its business to optimize product purchasing and enhance customer experiences. The company's efforts in cost reduction were evident as the overall cost of doing business decreased by $2.0 million compared to the previous year. The presentation underscores City Chic's commitment to leveraging technology and strategic adjustments to propel growth and improve shareholder value.
Key Points
  • City Chic achieved an underlying EBITDA of $6.5m, showing an 86% growth.
  • Revenue for the period was $69.2m, with ANZ up by 7.4% while the US market declined.
  • AI-driven efficiencies and a disciplined promotional strategy improved full-price product sales.
  • The company focused on optimizing product purchasing using AI.
  • Overall cost of doing business was reduced by $2.0m compared to the previous year.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.