Yeah and margin growth up too. That's the beauty of this business model - when a large percentage of your costs are fixed, increased sales lead directly to increased margins even at fixed prices.
But net cash outflow due to restocking of inventories in anticipation of Christmas. Should be a happy Christmas for Kogan shareholders. My wife has spent $12k online at Kogan already this month stocking airbnb properties, and I took delivery of most of it last week. Endless stream of delivery contractors turning up at our house - half of it turned up in the tray of a Triton ute!
I don't see anything in that quarterly to suggest it can't hold above $4, but I guess the market will decide. I'm happy to keep holding anyway.
KGN Price at posting:
$4.36 Sentiment: Buy Disclosure: Held
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