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City Chic Collective Limited (ASX:CCX)

ALERT: Price-sensitive ASX Announcement for CCX
Current share price for CCX : $0.049 -0.005 (-9.26%)+
Announcement
Release
13 Jul 2026 8:25AM
Price at Release
$0.054
Full Release
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Summary
City Chic Collective Limited reported a trading update for the financial year ending 28 June 2026, highlighting an increase in underlying EBITDA by 80%-95% despite a 3.1% decline in global sales revenue to $130.5 million. The decline was primarily attributed to the closure of the Wholesale business with Amazon, transitioning to a marketplace model. The ANZ region exhibited strong sales growth of 7.6%, while the USA experienced a significant revenue decline of 28.1%, excluding the closed Wholesale business, partly due to a deliberate inventory reduction in response to tariff-related volatility. The Group successfully increased its trading margin to 60.6% and reduced its operational costs by approximately 7.5%. Despite market challenges, City Chic maintained a disciplined approach to inventory and cost management, ending the period with a $5.2 million cash balance and an undrawn $10 million debt facility. The company plans to announce its audited FY26 results on 24 August 2026.
Key Points
  • Underlying EBITDA up 80%-95% to $11.5m - $12.5m
  • Global sales revenue declined 3.1% to $130.5m
  • ANZ region saw a sales growth of 7.6%
  • USA revenue declined 28.1% excluding Wholesale
  • Transition from Wholesale to marketplace model with Amazon
  • Trading Margin increased to 60.6%
  • Operational costs reduced by 7.5%
  • Inventory tightly managed down 11.4% to $24.1m
  • End period with $5.2m cash and no drawn debt
  • FY26 audited results to be announced on 24 August 2026
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.