KMD Brands, the parent company of outdoor brands Kathmandu, Rip Curl, and Oboz, has reported a 2.5% decline in total sales for the first five months of the 2025 financial year.
The decline was driven by lower sales in the first quarter, which were down 5.8% year on year.
However, there was an improvement in sales trends in the second quarter, with group sales up 1.7% compared to the same period last year.
The company said the total sales result was influenced by the direct-to-consumer (DTC) channel, which showed improving trends for all three brands.
KMD Brands expects its underlying ebitda for the first half of the financial year to be in the range of $1 million to $3m, down from $15.1m in the same period last year.
It anticipates net debt of about $85m and funding headroom of $200m as of January 31, 2025.
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