Kathmandu climbs to 4-month high on upgraded profit oulook

Wed, 07 Aug 2019

By Paul McBeth Aug. 8 (BusinessDesk) - Kathmandu Holdings' shares jumped to their highest level since April after the retailer said annual profit rose as much as 13 percent on faster sales growth across the Tasman and new contributions from its Oboz Footwear acquisition. The outdoor equipment chain said normalised net profit was $55.5-$57 million in the year ended July 31, up from $50.5 million a year earlier, with total sales up 9.6 percent at $545 million. The audited results will be released in September. Same-store sales increased 0....

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