0115 GMT - For RBC Capital Markets, a standout detail in KMD Brands' 3Q update is the improvement in the retailer's gross margins. KMD Brands said it achieved gross margins of 58.2% at the group level in the quarter. That was around 258 basis points higher than a year ago, KMD Brands said. "Gross margins are currently tracking ahead of consensus expectations for 2H26 (55.8%)," analyst Jackie Moody says. RBC had a sector perform call and 15 New Zealand cents target price on KMD Brands ahead of the trading update. KMD Brands is up 14% at NZ$0.074. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
May 26, 2026 21:15 ET (01:15 GMT)
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