KMD Brands Navigates Challenging Market Dynamics

KMD Brands Limited (AU:KMD) has released an update.

KMD Brands Limited reports mixed results with improvements in Rip Curl and Kathmandu second-half sales, but challenges persist in the New Zealand market, affecting the start of Kathmandu’s winter season. Despite these difficulties, online sales of Oboz show significant growth, and the company is taking steps to manage financial covenants and preserve a healthy funding headroom. The Group anticipates an underlying EBITDA of $50 million for the year, as it navigates a challenging global consumer environment and works on controlling costs and capital.

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