KMD - Kathmandu

[Paint it Black]

Agree the MACD momentum is sharply positive.

[Rawz]

was reading back through some posts late last year Nov/Dec and the SP SMASHED through the 100day ma.

what happened?? Looks like its back below it now

[Perky]

was reading back through some posts late last year Nov/Dec and the SP SMASHED through the 100day ma.

what happened?? Looks like its back below it now

wet holiday weather..campers evacuated to pubs, cafes and restaurants spending instead.
Camp grounds empty, music festivals cancelled
kmd holders probably suffering short term premature jacket elation sales?

[winner69]

wet holiday weather..campers evacuated to pubs, cafes and restaurants spending instead.
Camp grounds empty, music festivals cancelled
kmd holders probably suffering short term premature jacket elation sales?

NZ only a small part of KMD sales …..not even material in big picture

[Perky]

Yes, Ageee..your right again winner. It was meant to be a light hearted joke.

What has happened? KMD seems favoured by quite a few…maybe needs a sales update to get some camping butane to like a fire �� into the share price?

[winner69]

Macpac reported H1 sales to December were 55% up on pcp

Hope KMD done better than this in Aust and NZ

That be good

[Rawz]

$1 a bit of a magnet for KMD SP.

When is this big run kicking off? i love a good train ride.

Trading update on Monday maybe?

[Sideshow Bob]

Here is your update Rawz.........looks pretty good

https://www.nzx.com/announcements/406617

MD Brands Limited (ASX/NZX: KMD, “KMD” or the “Company”) is pleased to provide the following trading update for the half year ended 31 January 2023 (“1H FY23”).
• Sales momentum has continued in Q2, resulting in record first half sales

• Group total sales for 1H FY23 (unaudited) are expected to be approximately $546 million, an increase of +34% above 1H FY22, with particularly positive trading in Australia.

o Kathmandu sales recovery continues, with total sales +51% above 1H FY22, reflecting a return of travel and tourist-related spend

o Oboz first half sales have rebounded from COVID-related supply constraints last year, growing +124%

o Rip Curl total sales have grown +18%, with strong growth in direct-to-consumer sales, while maintaining wholesale sales levels following strong growth last year

• Group gross margin remains resilient overall, with improved gross margin for the Kathmandu brand

• Underlying 1H FY23 EBITDA(1) is expected to be approximately $45 million, cycling $10.2 million EBITDA in 1H FY22, which included $5.1 million of one-off COVID assistance

Inventory levels remain elevated, reflecting the decision to temporarily build stock positions to mitigate supply challenges and to support Oboz forward orderbook growth. Pleasingly, Kathmandu inventory is approximately $24 million lower than FY22, and the Group’s inventory balance is expected to normalise during the second half as purchase orders align to improved shipping timeframes.

The Group continues to benefit from a return to travel and international tourism through January, with Kathmandu sales strengthening +52% and Rip Curl continuing its growth trajectory at +19% for the month.

The Company intends to release its results for the 6 months ended 31 January 2023 on Wednesday, 22 March 2023, with a briefing session for investors and analysts to be held at 8:30am AEDT / 10:30am NZDT.

[Rawz]

is it good?

it looks good. but SP only up 2% so now im not sure?

[winner69]

is it good?

it looks good. but SP only up 2% so now im not sure?

Share price heading to that analyst target of $1.50 …..and that’ll be upgraded soon methinks