0030 GMT - The remaining three weeks of KMD Brands' fiscal year are particularly important, Forsyth Barr says, as May-July is the most significant trading period for its Kathmandu brand. Kathmandu's sales have been volatile, although a 13% rise through the first 17 days of June was its strongest performance for some time. Analyst Paul Laxton Koraua highlights several key data points. Discounting through 4Q to date has been higher and across a wider range than normal. Cooler weather in New Zealand and Australia has supported June sales. "Google Trends is supportive of a pickup in customer interest in June but website visits suggest some market share losses over recent months," Forsyth Barr says. It thinks operational challenges and balance-sheet concerns cap near-term upside for the stock. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
July 07, 2025 20:30 ET (00:30 GMT)
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