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- Release Date: 16/11/12 15:00
- Summary: QUARTER: KMD: KMD Trading Update 15 weeks to 11 November 2012
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KMD
16/11/2012 13:00
QUARTER
REL: 1300 HRS Kathmandu Holdings Limited
QUARTER: KMD: KMD Trading Update 15 weeks to 11 November 2012
KATHMANDU HOLDINGS LIMITED
ASX/ NZX/ MEDIA ANNOUNCEMENT
16 NOVEMBER 2012
TRADING UPDATE, 15 WEEKS TO 11 NOVEMBER 2012
Key points (all amounts in $ NZ)
o Group sales for the first 15 weeks up 19.5% on pcp to $66.9m
o Same store sales, up 14.3%
Kathmandu Holdings Limited (ASX and NZX Code: KMD) today announced sales of
$66.9 million for the 15 weeks to 11 November 2012, a rise of 19.5% compared
with the corresponding period last year. Same store sales grew by 14.3%
during the period (13.6% at constant exchange rates*1), compared with growth
of 7.6% in the prior corresponding period.
Kathmandu's Chief Executive Officer, Peter Halkett said that "despite the
difficult retail trading conditions, our sales performance in the first 15
weeks of the financial year has overall been ahead of our expectations,
particularly in Australia. Consistent with our normal trading pattern, sales
to date are less than 20% of our expected total sales for the year. Growth in
first half-year profit remains highly dependent on the Christmas and January
trading period."
Mr Halkett updated progress on the Company's store rollout and refurbishment
programme. "Since 1 August we have opened six new stores in Australia (two in
regional NSW, one in Brisbane, one in the Gold Coast, one in Melbourne and
one in Perth). We also have three further stores (Sydney CBD, Darwin and
Mackay) which will be open for trading before Christmas. Our central Perth
and Nelson store relocations have been completed and two of our Melbourne
stores have been refurbished". Mr Halkett confirmed that Kathmandu is still
aiming to open 15 new stores in FY13 with three further new sites already
secured for opening in the second half of FY13.
ENDS
For further information please call:
Mark Todd, CFO
+64212711328
End CA:00229848 For:KMD Type:QUARTER Time:2012-11-16 13:00:03
