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Article Date: March 2019
Word Count: 196

Kathmandu Sales Gain in Fiscal H1

Comprehensive net income declined 68% at the downunder retailer and Oboz parent to NZ$5,847,000 ($4.0 mm) from NZ$18,254,000 in the fiscal first half ended Jan. 31, pulled down by an unfavorable swing in cash flow hedge and foreign currency hedge reserves. Net income excluding comprehensive items gained 14% to NZ$13,954,000 from NZ$12,277,000 on 13% higher revenues of NZ$232,024,000 ($160.5 mm) up from NZ$204,811,000. KMD had warned in January that Holiday comps were disappointing and that H1 profit gains would be modest. Same store sales were flat overall, with a 1.2% comp gain in Australia offset by a 2.2% ... Log in to view full article.


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