Kogan's Update Looks Positive Despite Revenue Miss -- Market Talk

Dow Jones
05/26

0446 GMT - Kogan.com's trading update has plenty to offer its bull at RBC Capital Markets despite the online retailer's revenue lagging expectations so far in the June half. Analyst Wei-Weng Chen acknowledges that top-line growth is a miss, but is supportive of the fact that weakness appears to be confined to the Australian company's long-laboring Mighty Ape division. Chen tells clients in a note that core revenue growth is actually tracking ahead of expectations, while gross profit and Ebitda margins are both above where consensus sees them for the whole of the half-year. RBC has a last-published outperform rating and A$6.50 target price on the stock, which is up 18% at A$4.05. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

May 26, 2026 00:46 ET (04:46 GMT)

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