KMD kmd brands limited

Ann: QUARTER: KMD: KMD Trading Update 15 weeks to

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    • Release Date: 16/11/12 15:00
    • Summary: QUARTER: KMD: KMD Trading Update 15 weeks to 11 November 2012
    • Price Sensitive: No
    • Download Document  1.94KB
    					
    
    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
    				
 
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Last
25.5¢
Change
0.010(4.08%)
Mkt cap ! n/a
Open High Low Value Volume
24.5¢ 26.5¢ 24.5¢ $173.6K 673.0K

Buyers (Bids)

No. Vol. Price($)
0 23005 25.5¢
 

Sellers (Offers)

Price($) Vol. No.
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