Kogan.com Ltd
KGN: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|&DFc | LOCK|Ymc | LOCK|gcQCxyX |
Kogan: Ballooning Marketing Costs Dampen Margin Expansion
Following a subdued start to fiscal 2025, Kogan's sales growth boomed in the key Christmas trading period. Gross sales increased by 24% in November and December 2024, year on year. However, growth was fueled by a huge step up in marketing spending, and adjusted operating profits fell slightly.
