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 RipCurl, said they expect a record year for sales of $NZ1.1b, up from last year’s $980m but around 5% short of expectations.
KMD +1.06%: 1H results for the recreational apparel company came in largely as expected given most numbers were pre-released. Sales jumped +19% in their largest segment of surf, while Kathmandu saw 51% growth on pcp and Oboz (which is their hiking boots brand) was up 124% to a new record.
KMD +2.23%: the retailer reported an FY22 miss today, however, the numbers were overshadowed by a strong August update. Revenue was up 6%, however Net Income fell 40% and was a ~5% miss to expectations. COVID disruptions weighed on the numbers. A factory shutdown in Vietnam also dragged on earnings while the company said up to 40% of orders for their footwear brand...
KMD Brands Limited, formerly Kathmandu Holdings Limited, is a New Zealand-based outdoor, lifestyle and sports company. The Company offers three brands, such as Kathmandu, Rip Curl and Oboz. Kathmandu is specialized in clothing and equipment for travel and adventure. It provides jackets and vests, accessories, tops, bottom and footwear for men, women and kids. Oboz, is based in North America and designs True to the Trail outdoor footwear. It manufactures handmade footwear. It offers footwear for hiking, backpacking, casual, insoles and insulated. Rip Curl is a global surf brand, which provides a variety of clothing, swimwear, wetsuits, equipment, watches, sunglasses, snow gear and footwear.
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