Like eternalgrowth said, they increased marketing spend as a % of sales from low single digits (i.e. 8-9%) in prior quarters to low double digits (i.e. 11-12%). On a revenue base of $200m, an additional 4% is $8m.
They did this to grab Far-fetch customers and prepare China.
They also increased the suppliers and products on the platform, again, probably due.to Far-fetch going bust. It's a cracker result.
Like eternalgrowth said, they increased marketing spend as a %...
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Mkt cap ! $1.166B | |||
| Open | High | Low | Value | Volume |
| $3.05 | $3.07 | $3.00 | $3.162M | 1.039M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 18617 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $3.01 | 11482 | 29 |
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| Last trade - 15.00pm 06/05/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
| $3.05 | $3.07 | $3.00 | 286587 | ||
| Last updated 15.19pm 06/05/2024 ? | |||||
| CTT (ASX) Chart |