City Chic Collective (ASX:CCX) reported a 4.8% drop in trading revenue for the 20 weeks of fiscal 2025 compared with the same period a year earlier, according to a Wednesday filing with the Australian bourse.
The results were due to reduced consumer demand in Australia and the US amid inflation and cost of living pressures, the filing said.
"In the USA margin dollars are flat for the 20 weeks. September and October were below expectations," Chief Executive Phil Ryan said.
"We have right-sized the business for the current demand," he added.
For fiscal 2025, the company expects revenue of AU$142 million to AU$160 million and EBITDA of AU$11 million to AU$18 million.
City Chic Collective also expects trading over the next five weeks to have a material impact on the company's annual performance.
The company's shares fell nearly 26% in recent Wednesday trade.
Price (AUD): $0.10, Change: $-0.04, Percent Change: -25.92%
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