Kathmandu shares slump 8.7% to four-month low as warm winter weather crimps sales

Mon, 23 Jun 2014

By Tina Morrison June 24 (BusinessDesk) - Shares in Kathmandu Holdings slumped 8.7 percent, making them the worst performer on the benchmark NZX 50 Index, after the outdoor apparel and equipment retailer said its full-year earnings may decline as much as 15 percent as warmer weather crimps sales of cold weather products such as down jackets, fleece and thermals. The Christchurch-based company said earnings before interest and tax will probably fall by 10 to 15 percent in the 11 months ending June 30, as sales through June, during the comp...

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