Kathmandu shares jump on strong sales, Oboz performance

Thu, 22 Nov 2018

By Gavin Evans Nov. 23 (BusinessDesk) - Shares in Kathmandu Holdings jumped 13 percent after the outdoor clothing and equipment retailer said a good performance from its recently acquired US footwear business will deliver a “strong” improvement in first-half earnings. Montana-based Oboz Footwear delivered sales of $15.7 million in the three months ended October, at a gross margin of 39.8 percent, Kathmandu said in a trading update today. Oboz remains on track to achieve the US$7.1 million of operating earnings for the 2018 calendar tha...

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