Brief: KMD Brands Ltd Says Q1 FY23 Group Total Sales Up 61.8% Above Q1 FY22

KMD Brands

16/11/2022 01:29

Nov 16 (Reuters) - KMD Brands Ltd  KMD.NZ :
    * Q1 FY23 GROUP TOTAL SALES ARE  UP 61.8% ABOVE Q1 FY22
    * CURRENT TRADING FOR THREE BRANDS IS STRONG
    * Q1 FY23 UNDERLYING OPERATING PROFIT HAS IMPROVED BY NEARLY
NZ$30M YEAR-ON-YEAR
    * DIRECT-TO-CONSUMER SAME STORE SALES GROWTH FOR 14 FULL
WEEKS
ENDED 6 NOV IS KATHMANDU UP 107.2%, AND RIP CURL UP 29.7%
    * REMAIN CAUTIOUSLY OPTIMISTIC, WITH POTENTIAL OF HIGH
INFLATION &
RISING INTEREST RATES IMPACTING CONSUMER SENTIMENT IN KEY GLOBAL
MARKETS

Further company coverage:  KMD.NZ 
 ((Reuters.Briefs@thomsonreuters.com;))