KMD Brands (ASX: KMD) Trading update today:
- Record performance in Winter promotional period.
- Total sales range $955-965million PCP $930million.
- EBITDA $88-$94 million PCP $120million.
- Q4 profitability above pre Covid levels.
- Inventory levels forecast to be above last year.
KMD operate in both Australia and NZ with the CEO commenting that NZ trading is much weaker than Australia.- Could be because NZ Central Bank is about 3-6 months ahead in their tightening cycle with the NZ economy heading off a cliff for a hard landing.
Australia still looking in much better shape. Go to your local shopping centre...if you can find a car park they're that full!
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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3 | 16722 | 2.060 |
4 | 10827 | 2.050 |
2 | 13301 | 2.040 |
7 | 16490 | 2.030 |
Price($) | Vol. | No. |
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2.100 | 7758 | 1 |
2.110 | 27282 | 5 |
2.120 | 5661 | 2 |
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