The Kathmandu, Rip Curl, and Oboz parent swung to a NZ$13,159,000 ($7.9 mm) profit after last year’s loss of NZ$5,541,000 in the fiscal first half ended Jan. 31, on revenues that were up 35% to an H1 record NZ$547,924,000 ($330.1 mm) over NZX$407,304,000. The results lapped pandemic lockdowns in the home market, which cost over 11,000 lost trading days, and saw a return of international travel and tourism. Gross margin expanded 100 b.p. to 58.7% despite elevated freight costs and inflationary pressure on raw materials. SG&A was up 27% in dollars, ... Log in to view full article.