KMD Brands shares tumble 5% as guidance misses consensus

KMD Brands shares tumble 5% as guidance misses consensus
KMD Brands owns the Rip Curl, Kathmandu and Oboz footwear brands. (Image: NZME)
Gregor Thompson
KMD Brands shares are down 5% after it released a weaker-than-expected outlook.The outdoor retailer and wholesaler released its first full-year underlying earnings before interest, tax, depreciation, and amortisation guidance on Thursday, forecasting between $15 million and $25m.Forsyth Barr equity analyst Paul Koraua called the update “disappointing” and said guidance was “well below” his expectation of $44m and the consensus expectation of $39m.KMD Brands shares dropped 8.5% to 27 cents once the NZX opened and rec...

More Retail

Restaurant Brands NZ's indy directors say low offer still tasty
Retail

Restaurant Brands NZ's indy directors say low offer still tasty

Below-valuation offer for Restaurant Brands NZ recommended by independent directors.

Staff reporters 28 Oct 2025
Mitre 10 starts banking IT project gains
Retail

Mitre 10 starts banking IT project gains

The hardware store chain has gained share in a tough market.

Pattrick Smellie 25 Oct 2025
Massive Pōrangahau fire largely contained after spreading to pines planned for Ikea furniture
Retail

Massive Pōrangahau fire largely contained after spreading to pines planned for Ikea furniture

A 245-hectare fire burning its way through forest near Pōrangahau, Central Hawke’s Bay, is likely to continue to cause firefighters headaches over the next week. Ingka Investments Management New Zealand operations manager Dylan Foster said roughly 80 hectares of their 550-hectare...

Staff reporters 22 Oct 2025