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Kathmandu parent KMD Brands sees sales, net profit increase

Inside Retail

Outdoor apparel retailer KMD Brands has witnessed an increase in sales and net profit in FY23 on the back of improved performance across all its businesses – with the Rip Curl and Oboz brands achieving record sales. million and net profit after tax jumping 8.6 million and net profit after tax jumping 8.6

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KMD Brands profit dives through first half

Inside Retail

Outdoor apparel retailer KMD Brands, formerly known as Kathmandu Holdings, has registered that its Australasian store network suffered significantly in the first half. The business’ net profit after tax fell 124.7 The brand performed well in both online and wholesale channels with online sales growing 14.5

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Kathmandu cuts expectations short as lockdowns bite

Inside Retail

Outdoor retail group Kathmandu has warned of continued stress in its retail stores caused by the spate of lockdowns around the country, with 40 stores shuttered in NSW and a further 26 closed in Western Australia. The business has had a rough run during the pandemic, with its net profit tumbling 44.5

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Kathmandu Group rebounds in FY22 despite lockdown, supply chain impacts

Inside Retail

After a difficult start to the year, outdoor group Kathmandu ended FY21 with relatively strong sales growth of 15.1 The group ended the year with a underlying net profit of $64 million – more than double what was achieved during FY20. “Rip Rip Curl’s wholesale order books are now significantly above pre-Covid levels.”.

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Kathmandu Group rebounds in FY22 despite lockdown, supply chain impacts

Inside Retail

After a difficult start to the year, outdoor group Kathmandu ended FY21 with relatively strong sales growth of 15.1 The group ended the year with a underlying net profit of $64 million – more than double what was achieved during FY20. “Rip Rip Curl’s wholesale order books are now significantly above pre-Covid levels.”.

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Price hikes not the only way to deal with inflation, KMD Brands CEO says

Inside Retail

And certainly we’ve already done that from a Rip Curl and Oboz perspective with our wholesale prices in the last season or two. Daly addressed the issue of inflation and price hikes following his announcement of KMD Brands’ first-half results for FY22 , which included a 125 per cent drop in statutory net profit after tax to a loss of NZ$5.5

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