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City Chic Collective Limited
(Sydney:CCX)
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Rating:51Neutral
Price Target:
AU$0.05
▼(-10.00% Downside)
Action:Reiterated
Date:08/26/26
The score reflects a business that is operationally improving but not yet fundamentally strong: positive operating and free cash flow and earnings-call guidance point to a credible recovery path, but ongoing net losses and materially lower revenue versus prior years keep financial strength moderate. The technical picture is bearish (price below key moving averages and negative MACD), and valuation is difficult to assess favorably with negative earnings.
Positive Factors
Gross margin expansion
A sustained ~220bp improvement to a 62.2% trading gross margin reflects durable progress in pricing, sourcing and product mix. Higher structural gross margins give the company recurring runway to fund marketing, reinvest in product and improve operating leverage over coming quarters.
Negative Factors
Negative profitability
Persistent negative net and EBIT margins with a negative ROE indicate the business has not yet converted top-line growth into shareholder returns. Ongoing losses constrain reinvestment and require sustained margin improvements to produce durable, self-funded growth over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Gross margin expansion
A sustained ~220bp improvement to a 62.2% trading gross margin reflects durable progress in pricing, sourcing and product mix. Higher structural gross margins give the company recurring runway to fund marketing, reinvest in product and improve operating leverage over coming quarters.
Read all positive factors
City Chic Collective Limited (CCX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$17.33M
Dividend YieldN/A
Average Volume (3M)383.40K
Price to Earnings (P/E)―
Beta (1Y)0.99
Revenue Growth-3.09%
EPS Growth-18.62%
CountryAU
Employees599
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)-0.02
Shares Outstanding385,157,800
10 Day Avg. Volume312,086
30 Day Avg. Volume383,396
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)0.55
Price to Sales (P/S)0.11
P/FCF Ratio1.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)<0.01
Revenue Forecast (FY)AU$154.50M
City Chic Collective Limited Business Overview & Revenue Model
Company Description
City Chic Collective Limited, an Australian company founded in 1992 and based in Alexandria, specializes in retailing plus-size women's clothing, footwear, and accessories. The company extends its global reach across Australia, New Zealand, the Un...
How the Company Makes Money
CCX generates revenue primarily by selling plus-size women’s apparel and related products across multiple channels. The core revenue stream is direct-to-consumer (DTC) sales, where the company sells its products through its e-commerce websites and...
City Chic Collective Limited Earnings Call Summary
Earnings Call Date:Aug 23, 2026
(Q4-2026)
| Next Earnings Date:Mar 01, 2027
Earnings Call Sentiment Positive
The call emphasized marked improvement in profitability, gross margins and customer engagement driven by product execution, cost discipline and technology investments. Key balance sheet metrics (net cash, inventory reduction) and operational wins (record active customers, NPS, traffic) were highlighted. However, there remain notable challenges: group revenue was down overall, the U.S. experienced a revenue dip during a deliberate reset, online conversion has been impacted by lower promotions, and customer annual spend is still below historical norms due to cost-of-living pressures. Management expressed confidence the business is in a stronger position to grow, but execution risk—particularly in the U.S.—and broader retail headwinds persist.Positive Updates
Strong EBITDA Improvement
Underlying EBITDA increased 92% to $12.3 million, driven by margin improvement, cost discipline and product execution.
Negative Updates
Group Revenue Pressures
Group revenue was down year-on-year overall; reported total revenue for the year was $130.5 million (excluding closed U.S. wholesale business this was +1.8%), indicating regional divergence and dependency on adjustments to comparatives.
Read all updates
Q4-2026 Updates
Positive
Negative
Strong EBITDA Improvement
Underlying EBITDA increased 92% to $12.3 million, driven by margin improvement, cost discipline and product execution.
Read all positive updates
Company Guidance
Management guided that City Chic is positioned to grow sales and drive sustainable profitability in FY27, underpinned by FY26 results including underlying EBITDA of $12.3m (up 92%), trading gross margin 60.6% (up 209bps toward a 62% target), ANZ revenue +7.6% (ANZ comp sales +5.6%, comp margin dollars +7.8%), active customers 517k (+3%), average selling price +4.5%, inventory $24.1m (down ~11%), net cash $5.2m and positive cash flow $2.2m, after reducing cost of doing business by $7.1m (marketing ~–25%, wages –5.5%, other opex >–20%); near‑term FY27 trading (first seven weeks) showed overall sales flat but store comps +11.4%, gross margin stable, returns improving (overall –85bps; US –10%; AU –7%), and management expects the U.S. — with increased inventory and new product — to deliver a material revenue and margin uplift through H2, while completing the second covenant clean‑down by 31 Dec 2026.City Chic Collective Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
46
Neutral
Cash Flow
63
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 130.53M | 134.95M | 131.61M | 183.87M | 324.14M |
| Gross Profit | 19.00M | 61.72M | 56.79M | 52.31M | 82.23M |
| EBITDA | 11.48M | 1.53M | -17.47M | -18.39M | 50.14M |
| Net Income | -6.61M | -5.54M | -92.96M | -99.78M | 22.28M |
Balance Sheet | |||||
| Total Assets | 89.19M | 105.03M | 140.94M | 237.68M | 355.35M |
| Cash, Cash Equivalents and Short-Term Investments | 5.16M | 7.95M | 21.43M | 12.41M | 9.95M |
| Total Debt | 27.40M | 37.06M | 58.63M | 61.46M | 61.27M |
| Total Liabilities | 62.76M | 68.62M | 105.81M | 124.95M | 144.77M |
| Stockholders Equity | 26.43M | 36.41M | 35.12M | 112.72M | 210.58M |
Cash Flow | |||||
| Free Cash Flow | 14.63M | -8.54M | -19.28M | 25.89M | -63.44M |
| Operating Cash Flow | 16.79M | -7.13M | -16.83M | 29.77M | -51.89M |
| Investing Cash Flow | -2.48M | 10.06M | 9.55M | -3.88M | -15.80M |
| Financing Cash Flow | -16.95M | -16.44M | 15.98M | -23.75M | 5.96M |
City Chic Collective Limited Technical Analysis
Positive
0.05
Price Trends
0.05
Positive
0.05
Negative
0.08
Negative
Market Momentum
>-0.01
Positive
52.09
Neutral
38.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CCX, the sentiment is Positive. The current price of 0.05 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.05, and below the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 52.09 is Neutral, neither overbought nor oversold. The STOCH value of 38.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CCX.
City Chic Collective Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$2.71B | 31.91 | 94.10% | 3.78% | 17.62% | 10.44% | |
68 Neutral | AU$662.87M | 34.21 | 12.41% | 5.90% | 12.87% | -21.74% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | AU$438.72M | -31.44 | -2.94% | 6.45% | 4.39% | -122.63% | |
51 Neutral | AU$91.50M | -11.50 | -24.62% | ― | -3.20% | -227.54% | |
51 Neutral | AU$17.33M | -2.73 | -16.89% | ― | -3.09% | -18.62% | |
45 Neutral | AU$371.47M | -1.19 | -22.14% | 6.38% | 30.31% | -737.99% |
* Consumer Cyclical Sector Average
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City Chic Collective Limited Corporate Events
City Chic Collective Sets Date for FY26 Results and Investor Call
Jul 29, 2026
City Chic Collective has scheduled the release of its FY26 financial results, covering the 52 weeks to 28 June 2026, for Monday 24 August 2026. Following publication, Chief Executive Officer Phil Ryan and Chief Financial Officer James Plummer will...
City Chic lifts earnings on stronger margins and ANZ growth despite U.S. slowdown
Jul 12, 2026
City Chic Collective expects underlying EBITDA of $11.5 million to $12.5 million for FY26, an 80%–95% increase driven by margin expansion and tighter cost control despite weaker global revenue. Group sales slipped 3.1% to $130.5 million as s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.