Investors Can Wait for More Evidence of KMD Brands's Turnaround -- Market Talk

Dow Jones

Feb 03

2351 GMT - It's too early for Forsyth Barr to turn bullish about KMD Brands, despite signs that its sales growth is gathering steam. KMD's sales rose by 7.9% in the first five months of FY 2026, led by its Kathmandu outdoor clothing brand. Sales were helped by a 2% benefit from favorable currency swings. Still, analyst Paul Laxton Koraua says promotional activity is pressuring gross margins. Combined with higher operating expenses, this limits the potential for earnings upgrades in the near term. Forsyth Barr retains a neutral call on KMD. "While we continue to see some long-term value in KMD (7x FY28 price-to-earnings) if it can execute on the business turnaround, we think investors can afford to be patient," it says. KMD is up 1.9% at NZ$0.27. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 02, 2026 18:51 ET (23:51 GMT)

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KMD's sales rose by 7.9% in the first five months of FY 2026, led by its Kathmandu outdoor clothing brand. Sales were helped by a 2% benefit from favorable currency swings. Still, analyst Paul Laxton Koraua says promotional activity is pressuring gross margins. Combined with higher operating expenses, this limits the potential for earnings upgrades in the near term. Forsyth Barr retains a neutral call on KMD. \"While we continue to see some long-term value in KMD (7x FY28 price-to-earnings) if it can execute on the business turnaround, we think investors can afford to be patient,\" it says. KMD is up 1.9% at NZ$0.27. 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KMD's sales rose by 7.9% in the first five months of FY 2026, led by its Kathmandu outdoor clothing brand. Sales were helped by a 2% benefit from favorable currency swings. Still, analyst Paul Laxton Koraua says promotional activity is pressuring gross margins. Combined with higher operating expenses, this limits the potential for earnings upgrades in the near term. Forsyth Barr retains a neutral call on KMD. \"While we continue to see some long-term value in KMD (7x FY28 price-to-earnings) if it can execute on the business turnaround, we think investors can afford to be patient,\" it says. KMD is up 1.9% at NZ$0.27. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 02, 2026 18:51 ET (23:51 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK8057","symbol_name":"专卖店","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2608819821","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608819821","pubTimestamp":1770076260,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2351 GMT - It's too early for Forsyth Barr to turn bullish about KMD Brands, despite signs that its sales growth is gathering steam. KMD's sales rose by 7.9% in the first five months of FY 2026, led by its Kathmandu outdoor clothing brand. Sales were helped by a 2% benefit from favorable currency swings. Still, analyst Paul Laxton Koraua says promotional activity is pressuring gross margins. Combined with higher operating expenses, this limits the potential for earnings upgrades in the near term. Forsyth Barr retains a neutral call on KMD. \"While we continue to see some long-term value in KMD  if it can execute on the business turnaround, we think investors can afford to be patient,\" it says. KMD is up 1.9% at NZ$0.27. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK8057":"专卖店","BK7128":"专卖店","ISBC":"投资者银行","BK4211":"区域性银行","KMD.AU":"KMD Brands Ltd","KMD.NZ":"KMD Brands Limited Ordinary Shares"},"translate_title":"投资者可以等待KMD Brands扭亏为盈的更多证据——Market Talk","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KMD.NZ":1.5,"ISBC":1.5,"KMD.AU":0.9},"content_text":"2351 GMT - It's too early for Forsyth Barr to turn bullish about KMD Brands, despite signs that its sales growth is gathering steam. KMD's sales rose by 7.9% in the first five months of FY 2026, led by its Kathmandu outdoor clothing brand. Sales were helped by a 2% benefit from favorable currency swings. Still, analyst Paul Laxton Koraua says promotional activity is pressuring gross margins. Combined with higher operating expenses, this limits the potential for earnings upgrades in the near term. Forsyth Barr retains a neutral call on KMD. \"While we continue to see some long-term value in KMD (7x FY28 price-to-earnings) if it can execute on the business turnaround, we think investors can afford to be patient,\" it says. KMD is up 1.9% at NZ$0.27. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 02, 2026 18:51 ET (23:51 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}