Brief: KMD Brands Says Group Sales Down 14.5% To NZ$468.6 Million In HY

KMD Brands

19/03/2024 24:25

March 19 (Reuters) - KMD Brands  KMD.NZ :
    * GROUP SALES DECREASED BY 14.5% TO NZ$468.6 MILLION IN HY
    * NO INTERIM DIVIDEND DECLARED
    * HY STATUTORY NPAT LOSS NZ$9.7 MILLION
    * SEES RIP CURL AND OBOZ WHOLESALE CUSTOMER INVENTORY
REDUCTION
CYCLE TO END THIS FY
    * SEES PROGRESS IN SECOND HALF AND INTO FY25 FOR KATHMANDU
    * SEES MORE POSITIVE FY25 OUTLOOK IN WHOLESALE CHANNEL
    * SEES IN H2 CO TO CYCLE LESS CHALLENGING SALES PERFORMANCE
LAST
YEAR,  PARTICULARLY KATHMANDU IN Q4

Further company coverage:  KMD.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))