Improving Cash GenerationSustained recovery in operating cash flow and higher FCF provide durable internal funding for capex, store refits and strategic investments, improving debt servicing capacity and reducing refinancing risk. Strong cash conversion supports execution of growth initiatives over 2–6 months.
Revenue Stabilization And Constructive GuidanceTop-line has stabilized and management guides to mid-single-digit growth, indicating the recovery is not transitory. Clear FY26 targets tied to store optimization and international expansion give a measurable runway for sustainable sales growth and operational planning.
Brand, Digital & International MomentumStronger brand engagement, rising app penetration and rapid international expansion (notably China) point to durable customer acquisition and higher-quality sales. Digital mix and viral brand moments enhance scale economics and long-term channel diversification.