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Retail-family clothing stores company · FY ends Jan · Revenue $1.21B · -4.73% margin · -$9M FCF
The business is unprofitable at the operating level (-4.73% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 12.8% YoY. Margins deteriorated 3.7pp alongside, both lines moving the wrong way.
ROIC dropped from -2.65% to -14.69%, capital efficiency is deteriorating. Negative free cash flow of -$9M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$1.21B
▼ -12.8% YoY
Net Income (TTM)
-$88M
▼ -52.7% YoY
Op. Margin
-4.73%
▼ -3.7pp YoY
ROIC
-14.69%
▼ -12.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$9M
▲ +93.1% YoY
Op. Cash Flow (TTM)
$8M
▲ +106.9% YoY
Net Debt
$303M
Cash & Equiv.
$5M
5Y CAGR: -4.5%
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