KMD Brands Limited has reported record first half sales of $546 million for the half year ended 31 January 2023, a 34% increase from the same period last year.

This growth was driven by a 51% increase in Kathmandu sales, a 124% increase in Oboz sales, and an 18% increase in Rip Curl sales.

The Group's underlying earnings before interest, tax, depreciation, and amortisation is expected to be approximately $45 million.

Inventory levels are elevated but expected to normalise during the second half.

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