Shares in Kathmandu Holdings Limited
(ASX:KMD) rose at the end of last week after reporting better than expected sales for the first 15 weeks of the current financial year.
The adventurer clothing retailer has boosted its sales 19.5 per cent to $66.9 million on the back of new store openings.
CEO Peter Halkett says the performance has been ahead of expectations despite difficult retail trading conditions.
Mr Halkett has also cautioned first half profit remains highly dependent on the Christmas and January trading period.
Shares in Kathmandu Holdings rose 4.4 per cent on Friday following the announcement to finish the week at $1.41.
Kathmandu Holdings’ full year net profit fell 11 per cent to $26.8 million in the 2012 financial year.
