Cox & Kings – Q3 Update

COX released unaudited Q3 numbers yesterday.  We won’t know some of the key metrics, segment info, and outlook until the company’s quarterly call and investor presentation, but the numbers should give us an idea of directional performance.

Q3 and Q4 are slow quarters for COX.  The Indian holiday season typically runs from March-June and the rest of the world runs from June-September.  Nevertheless, performance was quite strong in Q3.  Most notably, the company managed expenses well in the context of a growing operation.

I’ll be able to provide more color in a few days.

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