Kathmandu Holdings Ltd (ASX:KMD) has booked a 32 per cent improvement in third quarter sales, rising 29 per cent on a constant currency exchange rate.
In the 13 week period ending on 1 May 2011, the outdoor clothing and equipment retailer reported same store sales were up by over 20 per cent in Australia and New Zealand but down in the UK.
CEO Peter Halkett said the company's Easter sale promotion was helped by favorable weather, particularly in Australia, and by the late April timing of the Easter weekend this year.
Historically the company generates 30 per cent of its full year earnings in the final quarter of the financial year.
Kathmandu says it remains on track to deliver strong year-on-year sales and profit growth, given that third quarter performance built on the 19.2 per cent sales increase achieved in the first half of fiscal 2011.
In the first half of the 2011 financial year Kathmandu recorded a net profit of $8.2 million.
