Mosaic Brands Facing Losses
Mosaic Brands Facing Losses
Women's fashionwear chain owner, Mosaic Brands (ASX:MOZ), has joined the emerging list of retailers (including KMD and City Chic) confessing to weak trading and possible or actual losses ahead of the end of their 2023-24 financial years.
女性时装连锁店Mosaic Brands(ASX:MOZ)已经加入了新兴的散户名单(包括KMD和City Chic),承认在2023-24财年结束之前交易疲软和可能的或实际的亏损。
Mosaic outlined a series of problems that have made trading tougher than it was already in the June 30 half-year. The bottom line is that these problems mean it will report a small loss at the operating EBITDA level, but the company expects to rebound in 2024-25.
Mosaic概述了一系列问题,这使得2021年6月30日半年度的交易比以前更加艰难。结果这些问题意味着它将在运营EBITDA水平上报告小亏损,但公司预计将在2024-25年反弹。
KMD Brands warned that its earnings could more than halve for the year ending July 31 as a recovery in sales stalled. The company sought the help of its banks to relax restrictions on debt to allow it to ride out the pressures.
KMD Brands警告称,由于销售复苏停滞不前,其截至7月31日的年度收益可能会减少一半以上。该公司寻求银行的帮助,以放宽债务限制,以应对压力。
Although it didn't explicitly state so, KMD is looking at a loss after tax and perhaps write-downs of impairments.
虽然没有明确说出来,但KMD正在考虑税后损失和可能的减值。
City Chic Collective is trying to raise $27 million in new capital from investors to help tide it over, on top of selling a US asset for $18 million and taking a book loss. City Chic has seen a 30% drop in sales for the year and forecasts losses of more than $9 million.
City Chic Collective正试图从投资者那里筹集2700万美元的新资金来帮助其渡过难关,此外还出售了一项美国资产以获得1800万美元,并承担了账面损失。City Chic的销售额下降了30%,并预计亏损超过900万美元。
In its statement, Mosaic detailed a tale of woe. It said it "was negatively impacted during the half by disruptions as it migrated to a fully integrated logistical supply chain and distribution system with a newly appointed global partner."
Mosaic在其声明中详细叙述了一个悲惨的故事。它说:“在半年度期间,随着其迁移到全面集成的物流供应链和分销系统以及新任全球合作伙伴的任命,受到了消极影响。”
"The implementation disruptions experienced by Mosaic were greater than anticipated, delaying the delivery of inventory leading into the key Mother's Day trading period. This, combined with softness in consumer spending, severely impacted revenue and earnings in the fourth quarter.
“Mosaic所经历的实施障碍超出了预期,延迟了在关键的母亲节交易期之前交货的时间。这与消费支出的疲软严重影响了第四季度的营业收入和营业利润。”
"As a result, the Group now expects the full-year result for FY24 to be a marginal loss at the Operating EBITDA level. Notwithstanding the disappointing result for the second half of FY24, the Group anticipates a recovery in the first half of FY25."
“因此,该集团现在预计FY24的全年结果将在营业EBITDA水平上出现轻微亏损。尽管FY24下半年的结果令人失望,但该集团预计在FY25的上半年将出现复苏。”
"The issues experienced moving to the new logistics model have now been largely resolved and inventory is normalizing across the Group, with comparable sales improving throughout June.
“新物流模式所遇到的问题现在已基本解决,并且集团的库存正在正常化,与6月相比可比销售额正在改善。”
"Further, the first half of FY25 will benefit from a 20% increase in inventory intake at a 10% lower cost price compared with H1 FY24. FY25 will also benefit from the material annual cost savings associated with the new logistics partnership," the company explained.
“此外,FY25的上半年将从库存采购量增加20%,成本价格降低10%中受益。FY25还将受益于与新物流合作伙伴相关的重要年度成本节约。”该公司解释道。
It said it "continues to closely manage its working capital position during this period and is continuing to progress the terms of a refinancing or extension of its outstanding convertible notes."
它表示,“在这个时期,它将继续密切管理其营运资本状况,并继续推进再融资或延长其未偿付可转换票据的条款。”