Post by
Higherhiighs on Sep 03, 2022 12:45pm
Deliciously Adjusted EBITDA profitability during FY2023 !!
1hot-techwoman (355) User Actions August 11, 2022 - 07:37 AM 83 Reads Post# 34887456 Adjusted EBITDA profitability during FY2023 !! Continued Cost Rationalization: "We are striving to achieve breakeven Adjusted EBITDA profitability by the end of FY2023," Sale said. "Firstly, we are increasing revenue by capturing market share. SKU optimization has furthered revenue growth, which aligns the portfolio with the highest selling product formats with strongest margins, coupled with moderate and strategic price increases. Second, we are relentlessly focused on cost rationalization. In addition to difficult headcount reductions and other initiatives, the Company has engaged in vendor consolidation to reduce complexity across sites while negotiating trusted vendor price improvements due to economies of scale. With all of these efforts combined, the Company has extracted $20 million in annualized SG&A savings over the last four quarters, and break-even Adjusted EBITDA profitability is within our grasp during FY2023, a milestone for the Company."