Wednesday 25th November 2020 |
Text too small? |
Kathmandu Holdings Limited (NZX / ASX: KMD) today provides the following trading update.
Group total sales for the first quarter ended 31 October 2020 were +72% above last year, benefiting from the transformational acquisition of Rip Curl.
On a pro-forma basis (relative to the same period last year including three months of Rip Curl pre-acquisition):
• Group direct to consumer same store sales, including online, for the 16 full weeks ended 15 November 2020:
-7.6% adjusted for lockdown closures (1), with Rip Curl +26.8% and Kathmandu -26.8%
-24.1% unadjusted, with Rip Curl -1.7% and Kathmandu -37.7%
• Group online sales for the 16 full weeks ended 15 November 2020 were +37.0% above last year
• Group wholesale sales for the first quarter ended 31 October 2020 were -14.4% below last year
• Group EBITDA for the first quarter was in line with last year, including government subsidies and the realisation of cost synergies.
Commenting on the trading performance, Group CEO Xavier Simonet said:
“We are realising the benefit of a diversified Group, with strong performance in summer weighted product categories for Rip Curl in all key geographies, following successful winter trading for Kathmandu.”
See the link below for more details:
Source: Kathmandu Holdings Limited
No comments yet
PGW Guidance Update
CNU - Commerce Commission releases draft expenditure decision
Spark announces departure of Product Director
TGG - T&G appoints new Director
April 18th Morning Report
SKC - APPOINTMENT OF CHIEF EXECUTIVE OFFICER
Devon Funds Morning Note - 17 April 2024
Consultation opens on a digital currency for New Zealand
TWL - TradeWindow's $2.2 million capital raise now unconditional
April 17th Morning Report