Mosaic Brands has reported a net loss of $11.154 million for FY22, citing stronger momentum in the new financial year.
The Group delivered an EBITDA loss of $16 million, with comp sales down 1.7% year on year.
Online sales delivered a record $223 million, representing 36% of revenue.
Mosaic Brands CEO Scott Evans said after absorbing eight months of COVID impacts in FY22, the business is seeing a return to stronger trading.
"The positive sales trends we called out late in the fourth quarter have further accelerated into the new financial year," he said.
"Covid has not disappeared in the community but the fear around it has clearly diminished with the continued return of in-store customers seen in June, accelerating further into FY23."
Evans said the continued return of in-store customers saw the business record its strongest EBITDA in July in five years.
Total sales for the first eight weeks of FY23 are up 49%, with comparative in-store only sales continuing to grow delivering +18% and digital +3% on pcp, excluding Ezibuy.
Mosaic Group brands include Katies, Millers, Noni B, Rivers, Rockmans, Crossroads, Autograph, W.Lane, EziBuy and Beme.