Yeah I think I heard that right on the call (was listening in but busy doing other stuff), & totally agree.
Lets say they breakeven in 5 years from FY22 (-25m), and improve linearly to BE by FY27, you'd hope to see losses lessen $5m per annum.
Few other bits and bobs.
On overheads: group currently has a WALT of 4years. Defintely got the feeling to expect more store closures. Want to manage rental expense, but currently "in a difficult period"
On wages: question from an analyst: hope to keep wages growth just slightly less than CPI
and an interesting perspective on which brands they expect will encounter more headwinds in terms of gross profit %, but surprised me & want to double check something when i have more time.