Booktopia slashes profit projection after lacklustre sales
Inside Retail
FEBRUARY 9, 2024
Booktopia has lowered its full-year earnings before interest, taxes, depreciation, and amortisation (EBITDA) forecast and initiated a strategic review of the business after a decline in the first-half results. The online bookstore now anticipates annual EBITDA to be between $1 million and $3 million, significantly down from the previous estimate of $13.5 million.
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