KMD Brands’ Half Year Sales Plunge
Total group revenues dropped 15% to about NZ$469 million ($283 mm) in the fiscal first half ended Jan. 31, with all banners and brands down against the prior year’s strong growth, while EBITDA is expected to come in between NZ$14 and NZ$16 million. Kathmandu retail revenues were down 22%, hurt by excess stocks of cold weather apparel as temperatures down under remained elevated. For the branded business, Oboz sales declined ... Log in to view full article.
