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Retail-family clothing stores company · DE · FY ends Jan · Revenue $435M · -4.17% margin · -$18M FCF
The business is unprofitable at the operating level (-4.17% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 6.9% YoY. Margins deteriorated 5.0pp alongside, both lines moving the wrong way.
Free cash flow declined 1068% versus the prior year, cash generation momentum has weakened. ROIC dropped from 0.94% to -4.46%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$435M
▼ -6.9% YoY
Net Income (TTM)
-$36M
▼ -1275.4% YoY
Op. Margin
-4.17%
▼ -5.0pp YoY
ROIC
-4.46%
▼ -5.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$18M
▼ -1067.8% YoY
Op. Cash Flow (TTM)
$2M
▼ -93.0% YoY
Net Debt
$180M
Cash & Equiv.
$29M
5Y CAGR: +6.4%
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