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Kathmandu lowers sales expectations amid covid disruptions

Staff reporters
Tue, 29 Jun 2021

Outdoor clothing retailer Kathmandu said additional covid-19 restrictions in Australasia, particularly during its flagship brand's key winter season, mean it now expects annual sales will be below its original expectations of about $930 million.It estimates underlying earnings before interest, tax, depreciation and amortisation (ebitda) will be about $120m with the current New South Wales and recent Victorian lockdowns shaving about $13m off ebitda.The company reported underlying ebitda of $83.4m for the year ended July 1, 2020."Uncert...

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