Kathmandu sees first-quarter margins shrink, flags lower first-half profit

Fri, 21 Nov 2014

By Suze Metherell Nov. 21 (BusinessDesk) - Kathmandu Holdings, the outdoor goods retailer, said it expects first-half margins to shrink as it discounts more items to clear shelf space. The shares fell. Margins in its first quarter through to October were over 5 percentage points lower than the previous year, the Christchurch-based company said in a statement. "We now expect overall gross margin for the first half of FY2015 to be below the previous year's result," acting chief executive Mark Todd said. "However our first half-year prof...

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