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KMD Brands Reports Mixed Sales Performance Amid Weather Challenges

Story Highlights
  • KMD Brands saw mixed sales with Kathmandu’s June sales improving despite weather impacts.
  • Rip Curl’s direct sales grew, but wholesale faced challenges; online sales surged post-upgrade.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
KMD Brands Reports Mixed Sales Performance Amid Weather Challenges

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The latest update is out from KMD Brands Limited ( (AU:KMD) ).

KMD Brands Limited reported a mixed trading performance for the ten months ending May 2025. While Kathmandu’s direct-to-consumer sales showed a significant improvement in June, overall sales were volatile due to unseasonably warm weather in Australia. Rip Curl experienced strong growth in direct-to-consumer sales, particularly in North America, but faced challenges in wholesale sales. Oboz’s wholesale sales were below last year, though online sales remained strong. The Group’s online sales have been a key growth area, with Kathmandu’s recent platform upgrade boosting sales significantly. Despite a slight decline in group gross margin, KMD Brands remains focused on maintaining market share and cashflow in a competitive environment. The company anticipates FY25 underlying EBITDA to be between $15 million and $25 million, with net debt expected to be approximately $70 million by July 2025.

The most recent analyst rating on (AU:KMD) stock is a Hold with a A$0.39 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 is a global outdoor, lifestyle, and sports company comprising three iconic brands: Kathmandu, Oboz, and Rip Curl. The Group operates over 300 stores worldwide, with its products available in more than 8,000 locations.

Average Trading Volume: 376,546

Technical Sentiment Signal: Sell

Current Market Cap: A$208.2M

Find detailed analytics on KMD stock on TipRanks’ Stock Analysis page.

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