Pro Content
Kathmandu Holdings Report Rip Curl Sales Up 2.7% in 1st Half of 2022
Strategic initiatives position KMD Brands for return to global growth, as reported in their half year financial statement for the period ending January 31, 2022. 1H FY22 key highlights (vs 1H FY21): Sales of $407.3 million (1H FY21: $410.7 million) positive Q2 rebound following Q1 COVID lockdown impacts on Kathmandu and Rip Curl in Australasia Oboz impacted by COVID closure of Vietnam factories (now reopened) Gross margin of 57.7% (1H FY21: 59.0%), due to elevated international freight costs,…
