Huddled Group CEO on interim results, growth strategy and surplus stock solution

Proactive - Interviews for investors

Huddled Group PLC (AIM:HUD) CEO Martin Higginson speaks to Proactive's Stephen Gunnion about the company’s growth trajectory and strategy to combat surplus stock waste. Higginson discussed how Huddled Group focuses on preventing surplus stock from going to waste through its three brands: Discount Dragon, Nutricircle, and Boop Beauty. Each brand specialises in providing discounted products, including food, protein supplements, and beauty products, to customers. Higginson highlighted the 123% revenue growth in H1 2024, largely driven by Discount Dragon, and shared plans for the upcoming period. He also provided insights into the recent acquisition of Nutricircle and Boop Beauty, both of which align with the company’s mission of saving waste while offering consumers high-quality products. Furthermore, investment in stock, marketing, and centralized fulfilment is set to improve operations ahead of the busy Q4 period. As Huddled Group continues to grow, it is focusing on driving repeat customer rates across its brands. "The larger we grow, the more stock we can buy, and therefore the better the margins," said Higginson, as he outlined future plans for operational profitability. Visit Proactive's YouTube channel for more insights from industry leaders, and don't forget to give this video a like, subscribe to the channel, and enable notifications for future updates. #HuddledGroup #MartinHigginson #SurplusStock #DiscountDragon #Nutricircle #BoopBeauty #BusinessGrowth #Profitability #Sustainability #Ecommerce #ProactiveInvestors #StockWaste #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews