Kathmandu sales rise 0.2% – strong in AUS, but weaker in UK

Company News

by David Chau

Outdoor and adventure retailer, Kathmandu Holdings (ASX:KMD), has released its first half results for the six months ended 31 January 2017.

The company's NPAT rose 6.4% to NZ$10M, and its sales lifted 0.2% to NZ$196.3M.

Much of Kathmandu's the sales growth was seen in New Zealand and Australia, which is company’s largest market. However, the company’s sales performance was not so strong with the British. In the UK, Kathmandu’s sales fell 57.8%, and it closed down three of its stores.

The retail group has lifted its interim dividend to 4 cents per share (up from 3cps in 1H16).

Kathmandu says these results are in line with its expectations.  As for its outlook, the company says it had a solid start to FY17, but its full year result will depend on the key sales period, in the second half.

This morning, Kathmandu shares are tracking 0.56% higher at $1.79.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.