Kathmandu shares gain 2.2 percent as sales momentum remains through third quarter

Tue, 30 Apr 2013

May 1 (BusinessDesk) - Shares in Kathmandu rose 2.2 percent after the outdoor equipment retailer said it kept its pace of sales growth through the third quarter, without firming up annual earnings guidance. The Christchurch-based retail chain lifted sales 13 percent to $89.7 million in the 13 weeks ended April 28, retaining the momentum in revenue growth from the first half of the financial year, according to slides accompanying chief financial officer Mark Todd's presentation to the Macquarie Connections Australian conference published on t...

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