Kathmandu owner KMD Brands flags earnings slump as warm weather dents puffer jacket sales

KMD Brands, owner of Kathmandu, Ripcurl, and Oboz, has warned that unseasonably warm autumn weather in Australia could lead to a full-year earnings drop of up to $NZ35 million, with expected underlying earnings between $NZ15m and $NZ25m, down from $NZ50m last year. Despite a 6.4% sales slump at Kathmandu, recent cooler weather has sparked a 13.2% sales growth in June, and the company continues to focus on online sales and growth initiatives.

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