KMD (ASX:KMD) reports record group sales in FY22

By - Tamnna


  • KMD Brands’ shares were heading south today (17 November), down 0.500% at 11:38 AM AEDT.
  • The company’s group sales reached a record high of NZ$980 million in FY22.
  • During Q1 FY23, KMD’s Kathmandu operation achieved 107.2% sales growth.

Shares of New Zealand-based apparel company KMD Brands (ASX:KMD), formerly known as Kathmandu Holdings Limited, traded 0.500% lower on the ASX today. One share of KMD Brands was priced at AU$0.995 as of 11:38 AM AEDT, 17 November.

On 16 November, KMD released the results of its annual shareholder meeting along with the Q1 FY23 trading update. The company reported record group sales for FY22 despite being heavily affected by COVID-19 lockdowns in Australasia. Additionally, the first quarter of FY23 started on a good note for KMD Brands; total group sales grew by 61.8% compared to Q1 FY22.

While KMD’s shares were declining today, the ASX 200 index gained 9.70 points, totalling 7,131.90 points at 11:38 AM AEDT.

A glance at KMD’s annual shareholder meeting results

What’s in KMD’s Q1 FY23 trading update?

The company informed the market about its Q1 FY23 trading performance; below are the key takeaways:

In a statement, Michael Daly, group CEO and managing director of KMD said:

Image Source: © 2022 Kalkine Media ®

Data Source: Company announcement dated 16 November 2022