KMD Brands guidance undershoots analysts' forecasts

Outdoor retailer KMD Brands full-year earnings guidance is well below analysts' expectations. KMD, which owns Kathmandu and Rip Curl brands and Oboz footwear, said group sales between February and May have fallen 8.4% compared with the previous financial year.The shares last traded down 1.25% at $0.395. KMD expects underlying earnings before interest, taxes, depreciation, and amortisation (ebitda) to be $50 million for the full year to July 31.It is the first time KMD has provided full-year guidance, but a...