Cettire (ASX:CTT) Full Year 2024 Results

Key Financial Results

• Revenue: AU$742.3m (up 78% from FY 2023).

• Net income: AU$10.5m (down 34% from FY 2023).

• Profit margin: 1.4% (down from 3.8% in FY 2023). The decrease in margin was driven by higher expenses.

• EPS: AU$0.028 (down from AU$0.042 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cettire EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 36%.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of AU$412.3m (56% of total revenue). Notably, cost of sales worth AU$587.3m amounted to 79% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to AU$75.7m (52% of total expenses). Explore how CTT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Australia.

Performance of the Australian Specialty Retail industry.

The company's shares are up 32% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Cettire (including 1 which makes us a bit uncomfortable).

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