Kathmandu shares soar as retailer delivers record earnings, upbeat outlook

Tue, 24 Sep 2013

Sept. 24 (BusinessDesk) – Kathmandu Holdings shares soared to an all-time high after the outdoor equipment and clothing retailer posted record annual earnings and gave an upbeat outlook, reassuring investors after a year of changeable weather. The stock jumped about 12 percent to $3.18 and traded as high as $3.22, the highest since the company listed in late 2009. Before today, analysts polled by Reuters had an average hold rating on the stock and a median price target of $2.75. Net profit rose 27 percent to $44.2 million in the 12 months en...

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