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Yowie Group: An Inflection Point After A Year Of Challenges?

Published 09/24/2017, 05:35 AM
Updated 07/09/2023, 06:31 AM

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.

Yowie Group

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.

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