Kogan’s recovery continues as it claims best ever trading days over Christmas
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The slow recovery in retail tech stock Kogan.com continued on Thursday, with the company telling investors the Christmas trading period had delivered record numbers.
The stock is due to open up nearly 2pc this morning at $3.30, after revealing Black Friday and Boxing Day sales produced “record days in the history of the company”.
That’s a long, long way short of year-long highs of $10, but a positive sign nonetheless.
The company also gave shareholders a peek at unaudited half-year results, saying total revenue growth was 10pc and active customer growth was 32pc.
Founder Ruslan Kogan said he was proud of his “innovative, agile and resilient” business.
“Our team is proud to have delivered the best Christmas trading period the business has ever had,” he said.
“Our customer-centric approach saw us deliver more items than ever, faster than ever. The investments we have made in a nationwide logistics footprint enabled us to delight customers all over Australia with rapid delivery, along with the great value they have come to expect from Kogan.com.”
“We have laid the foundation for expansion of Kogan Money into additional financial services verticals by establishing strong partnerships with Mercer and Citibank, and we have launched Kogan Money Home Loans, in partnership with Adelaide Bank and Pepper.
“The Kogan.com business is innovative, agile and resilient, and we are extremely proud of our ability to help Aussies get the most in-demand products and services for less.
“We are obsessed about delivering our customers better value, and we look forward into the new year with confidence in our team, and our business strategy.”