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- Release Date: 20/11/13 13:07
- Summary: QUARTER: KMD: KMD Trading update 16 weeks to 17 November 2013
- Price Sensitive: No
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KMD
20/11/2013 11:07
QUARTER
REL: 1107 HRS Kathmandu Holdings Limited
QUARTER: KMD: KMD Trading update 16 weeks to 17 November 2013
KATHMANDU HOLDINGS LIMITED
ASX/ NZX/ MEDIA ANNOUNCEMENT
20 NOVEMBER 2013
AGM UPDATE:
- TRADING FOR 16 WEEKS TO 17 NOVEMBER 2013,
- NEW DIRECTOR APPOINTMENT
Trading highlights (all amounts in NZD)
- Group sales for the first 16 weeks up 0.9% on pcp to $70.9m (actual
exchange rates);
- Same store sales, up 3.8% (constant exchange rates);
- Australia and New Zealand same store sales both up over 3%;
Kathmandu Holdings Limited (ASX and NZX Code: KMD) today announced sales of
$70.9 million for the 16 weeks to 17 November 2013, a rise of 0.9% compared
with the corresponding period last year. Same store sales grew by 3.8% during
the period at constant exchange rates*1 (FY13 pcp +13.0%). Same store sales
growth was over 3.0% in both Australia and New Zealand.
Kathmandu's Chief Executive Officer, Peter Halkett said that "despite
difficult retail trading conditions, our sales performance in the first 16
weeks of the financial year was approximately in line with expectations.
Consistent with our normal trading pattern, sales to date are less than 20%
of our expected total sales for the year. Our first half-year profit result
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 two new stores in Australia
(Melbourne and Adelaide), and one in New Zealand (Auckland). We also have two
further stores (Melbourne and Brisbane) which will be open for trading before
Christmas. Our Bondi store refurbishment has been completed and Petone
(Wellington) is also undergoing a major refurbishment". Mr Halkett confirmed
that Kathmandu is still aiming to open 15 new stores in FY14 with three new
sites already secured for opening in the second half of FY14.
At today's Annual General Meeting Kathmandu's acting Chairman John Harvey
also announced the forthcoming appointment to the Board of David Kirk,
Chairman of Trade Me Group Ltd (refer separate media release).
ENDS
For further information please call:
Mark Todd, CFO
+64212711328
End CA:00244051 For:KMD Type:QUARTER Time:2013-11-20 11:07:43
