Kathmandu first-quarter sales rise 19.5 percent though Christmas key to 1H earnings

Fri, 16 Nov 2012

Nov. 16 (BusinessDesk) - Kathmandu, the outdoor equipment retailer, said first-quarter sales rose more than expected in the first quarter though growth in first-half profit hinges on a successful Christmas and New Year sales period. The shares climbed 4.1 percent. Sales rose 19.5 percent to $66.9 million in the 15 weeks ended Nov. 11 while sales at stores open at least 12 months gained 14.3 percent, the company said in presentations for its annual meeting today. “Trading to date gives us confidence and is ahead of our YTD targets, but earnin...

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