CCX Clarifies Sales Forecast and Compliance

City Chic Collective Limited (AU:CCX) has released an update.

City Chic Collective Limited (CCX) has clarified to ASX Compliance that its recent sales forecast, which predicts FY24 sales to be 30% lower than FY23, is not considered to have a material effect on its securities value. Furthermore, CCX believes its reported FY24 losses were anticipated by the market, based on previous financial disclosures and market consensus. The company also detailed its compliance with listing rules during its capital raising process and the sale of Avenue, reinforcing that all actions were consistent with regulatory guidance.

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