Cazoo (CZOO) Reports Prelim Q4 Results, Revises 2023 Guidance
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Cazoo Announces Fourth Quarter 2022 Preliminary Financial Results and Revised 2023 Plan
January 18, 2023 6:30 AM ESTStrong end to FY22 with revised FY23 plan aimed at rapidly improving unit economics and extending cash runway
Strong UK Retail unit sales of ~17,750 in Q4, up 100%+ YoY as consumers continue to shift online Q4 UK Revenues of ~£315m and ~£1,245m for FY22 despite significant macroeconomic headwinds Continued UK Retail GPU improvement in Q4 to ~£600, as efficiencies gained across the business Balance sheet remains strong with over £250m of cash & cash equivalents on hand at end FY 2022 New FY23 plan focused on... More