Mosaic Brands Sees Turnaround
Mosaic Brands Sees Turnaround
Underperforming women's wear retailer Mosaic Brands (ASX:MOZ) regards the six months to December as a 'turning point' for the embattled group.
表现不佳的女装零售商美国美盛品牌（澳大利亚证券交易所股票代码：MOZ）将截至12月的六个月视为这家陷入困境的集团的 “转折点”。
Retiring CEO Scott Evans stated in commentary that the group is now in a better position than it has been for a while, with net profit after tax rising 38% to $5.4 million. There has been a sharp cut in inventory to more manageable levels, with only a 6.6% drop in comparable store sales.
即将退休的首席执行官斯科特·埃文斯在评论中表示，该集团现在的状况比以往任何时候都要好，税后净利润增长了38％，达到540万美元。库存已大幅削减至更易于管理的水平，同类门店销售额仅下降了6.6％。
The company reported that the net profit "was after absorbing a negative impact of $4.3m due to an adverse currency movement against the USD, with an EBIT of circa $13.1 million ($17.4 million normalized for USD impact), against $13.7 million in the December 2022 half."
该公司报告称，净利润 “吸收了因货币兑美元汇率的不利波动而产生的430万美元的负面影响，息税前利润约为1,310万美元（按美元影响正常计算为1,740万美元），而2022年12月上半年的息税前利润为1,370万美元。”
Evans stated in Thursday's earnings release that "A pre-Covid track record of profitability has resumed, as seen over the recent few years."
埃文斯在周四的财报中表示：“从最近几年来看，COVID之前的盈利记录已经恢复。”
"The Group has delivered a $13.5m improvement over the last 6 months in its net current assets position and projects further balance sheet improvements for the second half of FY24 and into FY25.
“在过去的6个月中，该集团的净流动资产状况改善了1350万美元，并预计24财年下半年和25财年的资产负债表将进一步改善。
"The Group has also made significant progress in securing a refinancing package with Hilco Capital that we expect to sign in the coming weeks, which provides greater operational flexibility for Mosaic.
“该集团在确保与Hilco Capital的再融资一揽子计划方面也取得了重大进展，我们预计将在未来几周内签署该计划，这将为美国美盛提供更大的运营灵活性。
"Finally, we have also received in-principle agreement to extend or refinance the convertible notes with the noteholders representing the majority of notes on issue," said Mr. Evans.
埃文斯说：“最后，我们还与占已发行票据大多数的票据持有人达成了原则上的协议，延长可转换票据的期限或再融资。”
The company announced Erica Berchtold's appointment as CEO of Mosaic Brands, with Mr. Evans retiring from the Group. Berchtold was previously named CEO of Best and Less, but it was taken over in 2023 before she could start, and before that, she led the online retailer, The Iconic, as well as served as managing director of Rebel.
公司宣布埃里卡·伯希托尔德被任命为美国美盛品牌首席执行官，埃文斯先生将从集团退休。Berchtold此前曾被任命为Best and Less的首席执行官，但在她开始工作之前于2023年被接任，在此之前，她领导在线零售商The Iconic并担任Rebel的董事总经理。
Mosaic Brands Chairman Richard Facioni said in Thursday's statement, "Having put the Group back on its feet operationally, strategically, and financially, and having successfully navigated the Group through Covid, Scott informed the Board some months ago of his intention to retire."
美国美盛品牌董事长理查德·法西奥尼在周四的声明中表示：“在使集团在运营、战略和财务上重新站稳脚跟，并成功引导集团渡过了新冠肺炎疫情之后，Scott在几个月前向董事会通报了他退休的打算。”
"This facilitates a seamless leadership transition to Erica, with Scott stepping down post the release of these results before working through a three-month handover period," Mr. Facioni added.
法西奥尼补充说：“这有利于领导层顺利过渡到埃里卡，斯科特将在这些业绩公布后辞职，然后再进行三个月的移交期。”
"Over the past 10 years, Scott has overseen the amalgamation of nine underperforming and loss-making brands and has successfully integrated them and turned them around.
“在过去的十年中，斯科特监督了九个表现不佳和亏损的品牌的合并，并成功地整合了它们并扭转了局面。
"The Group experienced 5 consecutive years of growth and profitability under his stewardship, until this was derailed by Covid.
“在他的领导下，集团经历了连续5年的增长和盈利能力，直到Covid使之脱轨。
"He has now set the business up for success in the coming years, under new leadership, by building an online operation from the ground up, resetting our store strategy, and broadening our customer base."
“现在，他在新的领导下，通过从头开始建立在线业务，重置我们的门店战略和扩大我们的客户群，为未来几年的成功做好了准备。”
