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The latest update is out from KMD Brands Limited ( (AU:KMD) ).
KMD Brands has reported solid sales momentum for the first five months of its 2026 financial year, driven largely by strong direct-to-consumer performance at Kathmandu over the Black Friday and Christmas periods. Same-store sales rose 12.7% year-on-year at Kathmandu and 1.7% at Rip Curl, with North America performing well for Rip Curl, while Oboz returned to growth over the second quarter. Group-wide, total sales rose 7.9% year-on-year and wholesale revenue increased 9.4%, with forward order books stable to slightly higher and in-season buying from key accounts remaining positive. The Group’s gross margin of 56.7% is about 100 basis points lower than a year earlier amid heightened promotional activity and efforts to clear aged inventory, though still above the second half of FY25, and underlying first-half EBITDA is expected to improve to between $8 million and $11 million from $3.9 million a year ago. As part of a longer-term refinancing plan, KMD has extended the maturity of its debt facilities to April 2027, reduced total syndicated bank facilities to about $283 million and adjusted key covenant ratios, and expects to remain compliant even as net debt edges up to between $85 million and $90 million due to NZ dollar weakness, underscoring a cautious but improving financial footing as it advances its “Next Level” transformation strategy.
The most recent analyst rating on (AU:KMD) stock is a Hold with a A$0.30 price target. To see the full list of analyst forecasts on KMD Brands Limited stock, see the AU:KMD Stock Forecast page.
More about KMD Brands Limited
KMD Brands Limited is an Australasian outdoor and lifestyle apparel group whose key brands include Kathmandu, Rip Curl and Oboz. The company focuses on direct-to-consumer and wholesale channels across markets such as Australia, New Zealand, North America and other global regions, offering outdoor clothing, footwear and surf-related products.
Average Trading Volume: 201,728
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$169.3M
See more data about KMD stock on TipRanks’ Stock Analysis page.