KGN +6.68%: The online retailer was out with a business update today which sent the stock to 7 week highs. The new financial year has started strong with sales up 21% on 1Q21 and while profit was down marginally vs the same period last year, it was 31% higher than the previous quarter. Kogan has been struggling with inventory issues however these now seem to have passed with some discounting helping to move stock. With overflow warehouses now cleared, Kogan is saving $0.8m/month in costs. Recently launched member program Kogan First had a 64% jump in numbers which should help support repeat customer activity. All in a strong update giving them a positive set up into Christmas.
scroll
Question asked
Question asked
Question asked
Performance update for March, stocks that drove returns & our current positioning
Close
Fri 19th April – ASC200 -117pts, Pilbara (PLS), Whitehaven (WHC) & Woodside (WDS)
Close
Market Matters Research Lead Shawn Hickman with David Koch
Close
Friday 19th April – DOW up 22pts, SPI down -55pts
Close
MM is bullish KGN
Add To Hit List
Related Q&A
What stocks would we top up here?
MM views on Qantas (QAN) & Kogan (KGN)
Our view on 3 online retailers
Relevant suggested news and content from the site
Video
WATCH
Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
Podcast
LISTEN
Fri 19th April – ASC200 -117pts, Pilbara (PLS), Whitehaven (WHC) & Woodside (WDS)
Daily Podcast Direct from the Desk
Video
WATCH
Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
Podcast
LISTEN
Friday 19th April – DOW up 22pts, SPI down -55pts
Daily Podcast Direct from the Desk
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.