"Expects to return to profitability in FY23"[*profitability...

"Expects to return to profitability in FY23"


[*profitability defined as EBITDAFXERFUWER2KC3, where:
FX = foreign exchange adjustments
E = executive compensation
R = rental costs**
F = impacts due to east coast floods
U = Ukraine war impacts
W = non-cash writedown in value of brand names
ER2KC3 = impacts on our main demographic due to passing of Queen Elizabeth (one off) and ascension of King Charles (one off)]

(**True story: Once employed a manager who rattled-off "profitable" financial stats for a place she previously worked. I told her I still couldn't see how that business possibly made money. I quizzed her on all the figures; she was adamant it was profitable; until she finally conceded "Oh no, the profit's before taking any rental costs into account.")