NZ's KMD Brands gains most in eight months on quarterly sales rise, cost savings
27/05/2026 01:26
BUZZ-NZ's KMD Brands gains most in eight months on quarterly sales rise, cost savings ** Shares of New Zealand's KMD Brands KMD.NZ rise as much as 7.7% to NZ$0.07, their biggest intraday pct gain since September 24, 2025
** Stock touches its highest level since April 20
** Stock on track for second consecutive session of gains, if current trend holds
** The lifestyle and sports firm posts higher third-quarter total sales, up 5.2% from last year
** Company remains on track to deliver NZ$27.5 million ($16.07 million) cost savings in FY26
** Says it is undertaking a business review for the purpose of delivering improved returns for shareholders
** YTD, stock down 60.2%
($1 = 1.7114 New Zealand dollars)
(Reporting by Aamir Sheik Khalid in Bengaluru)