CCX
CCX
FY25 Turnaround??
Pinned straw:
Guiding to a signifcant turnaround for FY25 with increase in revenue and dramatic increase in EBITDA
Intriguing they used Trading Gross Margins as THE indication that FY25 has started well. Trading gross margins "represents the difference between product sell price and product cost and is before accounting and other adjustments"
It's very disingenuous for a retail business to be presenting, and setting targets for, EBITDA on a post AASB16 basis without normalising for rent. They may as well just present EBITDA ex-employee expenses too.
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