Cettire Bear Sees Growing Risks Around Working Capital -- Market Talk

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0340 GMT - Cettire's bear at RBC Capital Markets warns that shrinking sales risk further unwinding the luxury goods retailer's working capital. The Australia-listed company says it expects full-year revenue to be broadly flat but analyst Wei-Weng Chen points out that its FY 3Q is off to a slow start. March-quarter sales to date are down 13% on year, compared with RBC's forecast of a 1.9% rise over the June half. Worryingly, Cettire's auditor has flagged material uncertainty over Cettire's ability to continue as a going concern. Chen observes that Cettire is working to mitigate the uncertainty, but worries persist. RBC has a last-published underperform rating and A$0.20 target price on the stock, which is down 26% at A$0.335. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

February 25, 2026 22:40 ET (03:40 GMT)

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