Sharechat Logo

Kathmandu lifts third-quarter sales 9.3% on new products, better promotions

Thursday 4th May 2017

Text too small?

Kathmandu Holdings lifted third-quarter sales 9.3 percent which the outdoor equipment chain said was due to new product lines and better promotions. 

The Christchurch-based retailer increased group sales 9.3 percent in the 13 weeks ended April 30, and said sales were up 12 percent on a constant currency basis, without providing more detail. Kathmandu's increased sales were bolstered by new product performance and improved promotional execution, it said in a presentation slides lodged with the NZX. 

In March, the retailer beat first-half guidance, reporting profit of $10 million on a 0.2 percent increase in sales to $196 million. The company has bounced back from an earnings slump in 2016 when an inventory build-up forced it into aggressive discounting at low margins to clear stock. 

Kathmandu today said the upcoming winter sale in June and July is "key to the full-year result". 

The shares rose 4 percent to $2.10, having gained 3.6 percent so far this year. 

 

 

 

(BusinessDesk)



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Rio Tinto decision following strategic review of Tiwai
Contact says smelter closure is ‘disappointing’
South Port (SPN) Statement on NZAS Tiwai Point Aluminium Smelter Closure
Rio Tinto announcement on Tiwai Aluminium Smelter
Me Today announces equity raising to accelerate growth
Scott Technology Trading Update; Rising to the COVID Challenge
New non-binding indicative offer received from apvg, shareholder meeting deferred
U.S. Added 4.8 Million Jobs in June as Reopened Businesses Rehired
Auditors have a duty to be alert to fraud
Strong sales recovery but uncertainty remains over economic outlook and potential second wave of COVID-19

IRG See IRG research reports