All Oboz articles
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News briefsCarla Webb-Sear joins KMD Brands as CFO
The Australia-listed outdoor group strengthens its leadership with a seasoned finance executive from the travel and media sectors.
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ArticleQ3 sales for KMD Brands decline, e-commerce grows
The outdoor and sportswear group saw e-commerce growth and stronger June sales, despite weather-related setbacks in its core brands.
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ArticleRip Curl with DTC growth, while wholesale dropped for KMD due to cautious pre-season buying
Despite a tough first half, the parent of Kathmandu, Oboz and Rip Curl sees positive momentum in DTC and wholesale orders.
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ArticleHoliday sales rebound with DTC growth for KMD Brands
KMD reported a strong holiday rebound with DTC growth across Rip Curl, Kathmandu and Oboz despite continued wholesale challenges.
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News briefsKMD Brands issues Q1 update
The company said its final H1 results will depend on the upcoming Black Friday and Christmas shopping periods.
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ArticleSofter consumer sentiment continues to hamper KMD Brands
New Zealand’s KMD Brands, owner of Rip Curl, Kathmandu and Oboz, saw FY24 sales drop 11.2% amid weak consumer sentiment, posting a NZ$48.3m net loss.
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News briefsKMD Brands reports preliminary FY results
KMD expects FY24 Ebitda of NZ$49-51m as sales drop 11.2%. Rip Curl and Kathmandu showed Q3/Q4 improvement, but margins fell 30 basis points.
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ArticleRip Curl showing positive DTC growth in northern hemisphere
Rip Curl, despite a “challenging consumer environment,” has generated positive year-over-year, single-digit sales growth in the direct-to-consumer channel in Europe and the US ahead of the peak weeks during the summer season. The brand’s wholesale customers, meanwhile, continue to reduce their inventory levels. Parent KMD Brands said Rip Curl’s global ...
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ArticleKMD Brands sees soft H1 group sales
All three of KMD’s brands – Rip Curl, Kathmandu and Oboz – suffered a year-over-year sales decline in the first half that ended Jan. 31, with their aggregate revenues projected to be down by 14.5 percent to 469 million New Zealand dollars (€267.3m). Amid ongoing weakness in consumer sentiment during ...
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News briefsKMD’s CFO to resign
KMD Brands Chief Financial Officer Chris Kinraid has announced his resignation, effective December 2023, after nine years with the group to take a position as Chief Executive Officer at Hallenstein Glasson Holdings, an Auckland, New Zealand-based men’s and women’s fashion retailer also listed on the New Zealand Stock Exchange, with ...
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News briefsKMD Brands sees sales growth across brands in Q3
New Zealand-based company KMD Brands offered a trading update on its three brands for the period ended April 23, saying Rip Curl, Kathmandu, and Oboz each generated sales growth. With the group reporting Q3 consolidated, year-over-year sales growth of 15.6 percent, Oboz had the period’s largest sales increase at 120.3 ...
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News briefsKMD Brand’s Kathmandu appoints new CEO
KMD Brands has apointed Megan Welch, most recently SVP/GM for Crocs’ Asia/Pacific business based in Singapore, as the new CEO for its Kathmandu business unit starting on Aug. 7. She takes over and will report to Michael Daly, KMD’s group CEO and managing director, who added the Kathmandu responsibilities on ...
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ArticleKMD Brands H1 sales grow as pandemic effects subside
KMD Brands, the down-under parent of Rip Curl, Kathmandu, and Oboz, reported Ebit of NZ$31.4 million (€18.6m) for H1 ended Jan. 31. Total revenues rose by 34.5 percent to NZ$547.9 million (€323.8m) as gross margin came in flat at 58.7 percent. Ebitda was NZ$90.8 million (€53.7m) versus NZ$45.3 million. The ...
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News briefsKMD Brands reports strong Q1 performance
KMD Brands, the former Kathmandu Holdings Ltd., achieved positive year-over-year sales growth for all brands in Q1 of its FY23 that ended on Nov. 6. Additionally, the group realized a NZ$30 million (€17.7m) year-over-year improvement in its operating profit for the period and said its gross margin is “holding up ...
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ArticleKMD Brands sees sales momentum resuming
After a challenging first half impacted by the effects of the Covid-19 pandemic, KMD Brands experienced rebounding sales in the final two quarters.
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News briefsKMD Brands updates annual guidance
KMD Brands, formerly Kathmandu Holdings, is now forecasting total annual sales of NZ$955 to NZ$965 million (€580.7m to €586.8m) for the 12 months ending July 31 after a record performance during a winter promotional period for its Kathmandu retail operation. FY22 Ebitda, excluding one-off, non-cash items, including government subsidies, is ...
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ArticleKMD Brands will look to regain growth footing in second half of the year
KMD Brands, which rebranded itself from Kathmandu Holdings Ltd. earlier this month, reported an Ebit loss of NZ$5.5 million (€6.1m) for the six months ended Jan. 31. Total revenues declined by less than 1 percent to NZ$407.3 (€245.2m) as the gross profit margin slid to 57.7 percent from 59.0 percent ...
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ArticleKathmandu climbing despite Covid, supply chain impacts
Profits went up at Kathmandu Holding in its second quarter, ended Jan. 30, despite the global pandemic’s impact on its operations. In a preliminary trading update for its first half, the New Zealand-based parent of the Kathmandu, Oboz and Rip Curl brands said its results improved despite lower retail traffic, ...
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Article
Kathmandu’s sales jump by 52% on Rip Curl’s acquisition
Kathmandu Holdings had record sales and profit for the first half of its financial year, ended on Jan. 31 2020, boosted by the acquisition of Rip Curl during the period. Revenues were also driven by a good performance by its New Zealand business and robust sales at Oboz, the American ...
