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Category: ASX:KMD

ASX:KMD

Why did KMD Brands (KMD) shares struggle today?

KMD -9.28%: the NZ based retailer slipped to a 9-month low after flagging a soft finish to the 31 July year-end. KMD, which owns Kathmandu and Rip Curl, said they expect a record year for sales of $NZ1.1b, up from last year’s $980m but around 5% short of expectations.

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