Business
Why the Kathmandu (ASX:KMD) share price is in focus
The Kathmandu Holdings Ltd (ASX: KMD) share price is on watch today following the Kiwi retailer’s trading update.
Why is the Kathmandu share price on watch?
Kathmandu reported record Rip Curl performance leading to strong half-year earnings before interest, tax, depreciation and amortisation (EBITDA).
Kathmandu reported half-year total group sales up ~12% to the six months ended 31 January 2021 (1H 2021).
The retailer said half-year sales growth reflected the successful integration of Rip Curl and a diversified portfolio of brands. However, Kathmandu sales were impacted by low demand for insulation and rainwear due to reduced international travellers in the Northern Hemisphere.
Kathmandu expects to report unaudited group…
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