Yeah, the news was ok but the market was expecting more than ok. Not sure why, given the current retail environment.
I'd say the days of Kogan growing sales by 30%+ on PCP are over. 10-20% is probably the new normal in the near term and gradually declining as the business matures.
Down 20% seems like a beating today but even at this level it's still priced for growth. It's more a reflection of overinflated expectations for the Christmas period IMO.
Yeah, the news was ok but the market was expecting more than ok....
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