NZ's KMD Brands hits record low on bleak HY trading update

KMD Brands

19/02/2024 22:39

** Shares of KMD Brands  KMD.NZ  slip as much as 24.2% to
hit a record low of NZ$0.470
    ** The travel equipment retailer says HY group sales are
expected to be 14.5% lower at about NZ$469 mln ($288.39 mln)
    ** Sees HY group underlying EBITDA in the range of NZ$14 mln
to NZ$16 mln, vs about NZ$45 mln last year
    ** Shares post their biggest intraday pct loss since MArch
23, 2020 
    ** KMD down 17.3% YTD, as of last close 

($1 = 1.6263 New Zealand dollars)

 (Reporting by Echha Jain in Bengaluru; Editing by Sandra Maler)
 ((Echha.jain@thomsonreuters.com))