KMD Brands shares tumble 5% as guidance misses consensus

KMD Brands owns the Rip Curl, Kathmandu and Oboz footwear brands. (Image: NZME)

Thu, 19 Jun 2025

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...

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