0036 GMT - KMD Brands' operating expenses are probably tracking ahead of expectations, RBC analyst Jackie Moody warns. She tells clients in a note that the dual-listed apparel retailer's sales growth is beating 1H forecasts across all its segments, while gross margins are also stronger than anticipated. However, Moody also points out that consensus is for 1H Ebitda at the top end of KMD'sNZ$8 million-NZ$11 million guidance range. She sees this as evidence that operating expenses are weighing. RBC has a sector perform recommendation and NZ$0.30 target price on KMD's New Zealand-listed stock, which is down 1.8% at NZ$0.27. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 01, 2026 19:36 ET (00:36 GMT)
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