KMD Brands into the red after all brands suffer falling sales

The company’s underlying net loss stood at NZ$48.3 million as sales fell 11.2 per cent to $979.4 million.

Rip Curl’s sales declined 7.3 per cent to $538.9 million while Kathmandu’s decreased 14.5 per cent to $361.1 million. Oboz’s sales slid 20 per cent to $79.4 million.

“Following Kathmandu’s disappointing first half result, sales trends relative to FY23 improved through the third and fourth quarters, with enhanced in-store and online execution and the launch of new products,” said Michael Daly, CEO and MD of KMD Brands.

For further details: https://insideretail.com.au/business/kmd-brands-into-the-red-after-all-brands-suffer-falling-sales-202409