Kathmandu Q1 operating profit down $35m

Tue, 09 Nov 2021

Outdoor clothing retailer Kathmandu said its store sales have been significantly impacted by ongoing covid restrictions in Australia and New Zealand and that first quarter operating profit is likely to be down about $35 million on the same quarter last year.In November last year, the company said its earnings before interest, tax, depreciation and amortisation (ebitda) were in line with the same period the previous year but didn't provide a number.It reported ebitda of $28.7m for the six months ended Jan 31.Today, it said lockdowns in New S...

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