New Zealand's KMD Brands hits 2-week high on positive earnings forecast

KMD Brands

01/02/2026 21:52

** Shares of KMD Brands KMD.NZ rise 3.6% to NZ$0.285, their highest level since January 15

** Sports products maker sees 1H FY26 Underlying EBITDA Expected Between NZ$8 million ($4.81 million) and NZ$11 million; reported NZ$3.9 million last in 1H FY25

** Says group wholesale sales for the five months of FY26 YTD are 9.4% above last year

** Shares on track for best day since Dec 31

** Stock closed down 36% in 2025

($1 = 1.6628 New Zealand dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))