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KMD Brands Limited (ASX:KMD)

ALERT: Price-sensitive ASX Announcement for KMD
Current share price for KMD : $1.405 1.17 (497.87%)+
Announcement
Release
19 Nov 2025 7:37AM
Price at Release
$0.235
Full Release
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Summary
KMD Brands Limited announced its first quarter trading update for the financial year ending 31 July 2026. The report indicated a positive sales performance with direct-to-consumer same store sales showing year-on-year growth of 3.0% for Rip Curl and 14.0% for Kathmandu. The group's gross margin for Q1 FY26 stood at 55.8%, which is a decrease of 120 basis points compared to the previous year, attributed to efforts to clear aged inventory. The inventory balance reduced by $8 million year-on-year, and forward wholesale orders remained stable. The group is focused on achieving $25 million in annualized savings in FY26 to support its 'Next Level' strategic growth plan. The company's performance in the first half of the fiscal year is expected to heavily depend on upcoming Black Friday and Christmas trading periods.
Key Points
  • KMD Brands sales showed positive growth in Q1 FY26.
  • Rip Curl sales increased by 3.0% and Kathmandu by 14.0% year-on-year.
  • Gross margin for Q1 FY26 was 55.8%, down 120 basis points year-on-year.
  • Inventory reduced by $8 million year-on-year.
  • Forward wholesale orders remain stable and slightly above the previous year.
  • The group is targeting $25 million in annualized savings for FY26.
  • The 'Next Level' strategic growth plan is progressing.
  • First half results are reliant on key upcoming retail trading periods.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.