The chart below shows how MYTE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MYTE sees a -2.92% change in stock price 10 days leading up to the earnings, and a -1.97% change 10 days following the report. On the earnings day itself, the stock moves by +2.84%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Continued Performance Improvement: The first quarter showed a continuation of improved top and bottom line performance that we experienced in the course of fiscal year '24.
Sales and Profitability Improvement: Net sales growth was at plus 8% in the quarter and we improved our profitability at adjusted EBITDA level by 200 basis points year-over-year.
Profitability Increase Drivers: The main driver of this increase in profitability was 150 basis points higher gross profit margin.
Customer Satisfaction Excellence: We achieved excellent customer satisfaction measured by our internal net promoter score that reached an outstanding 82.6% in Q1 fiscal year '25, demonstrating the consistent excellence of our customer service proposition.
Average Order Value Increase: Our average order value increased significantly by plus 9.1% to a new record high of EUR 720 in Q1 fiscal year '25, demonstrating the success of our focus on selling high-end luxury products to top customers.
Negative
Net Income Decline: The company reported a decrease in net income by 3.5% year-over-year, falling to EUR 5.4 million in Q1 of fiscal year 2025.
Gross Profit Margin Decline: Gross profit margin decreased to 43.9%, reflecting a decline of 150 basis points compared to the previous year.
Cash Flow Outflow: Operating cash flow used up EUR 26.7 million, indicating a significant cash outflow during the quarter.
Acquisition-Related Expenses: The company incurred EUR 21.3 million in transaction-related expenses due to the acquisition of YNAP, impacting overall profitability.
Inventory Management Challenges: Inventory levels decreased by 3.6% year-over-year, suggesting potential challenges in managing stock levels amidst seasonal fluctuations.
MYT Netherlands Parent B.V. (MYTE) Q1 2025 Earnings Call Transcript
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