Yowie Group: An Inflection Point After A Year Of Challenges?
Edison | Sep 24, 2017 05:35AM ET
After a year of internal and external challenges, we believe Yowie Group Ltd (AX:YOW) has built a strong and reliable operational base and business plan that will support continued sales growth and a move to profitability by the end of fiscal 2018. With US$1.25/ADR in cash, no debt and modest working investment needs, we see Yowie shares as compelling value for long-term growth investors.
New markets help flattish June quarter sales
June quarterly sales of US$4.2m rose 23% from a year ago, including US$0.8m in sales from Australia. Sales in the US were up a mere 1%, helped by expansion in the convenience and grocery markets. Sales to Walmart (NYSE:WMT) were down c 15% due to a delay in the launches of Series 3, and Discovery World, which have begun and will continue through Q2 of FY18.
To read the entire report Please click on the pdf File Below:
Yowie Group - An Inflection Point After A Year Of Challenges
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.