cheese poop I appreciate you’re short cettire but stop spreading misinformation.
Luxury sales have been declining this year for most luxury brands and since cettire sells luxury brands their sales have declined along with it. Brands are cutting prices to move stock and cettire is spending more on advertising costs this reducing margins.
The question is how long will luxury buyers pull back? Consumers are struggling at the moment worldwide with inflation and higher rates so it’s probably going to take rate cuts for consumers to start to feel confident again.
I’m guessing EBITDA comes in at the higher end. Interesting to see what the cash balance is.
Ann: Cettire Confirms China Launch, Provides FY24 Update, page-10
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