KMD Kathmandu Brands

[winner (n)]

Anybody noticed this Golden Cross which passed by a couple of weeks ago? Since that point in time did the SP nicely hold above or bouncing at the MA200. Golden times ahead ;

Aren't Golden Crosses wonderful things .......KMD shsre price on real roll ...reinvigorated it is

[Waltzing]

Yes Winner() but what does BG say about P/E's

and if that is the case this is fully priced for now and HLG is no where near it according to MR B....

Short the KIWI...

[BlackPeter]

Yes Winner() but what does BG say about P/E's

and if that is the case this is fully priced for now and HLG is no where near it according to MR B....

Short the KIWI...

Don't forget - your Mr B tells us that the crowd is roaring and buying as if there will be no tomorrow.

This will be good for all retailers ... and if the crowd buys stuff, they are buying shares as well. Euphoria, here we come.

Anyway - problem is, no matter whether they are Mr A. B or C ... none of them has a more than random chance to predict the future. Nobody has. This is something only G can ... and she has been made by Mr A, B and C's forebears.

Re shorting the Kiwi ... did you have a look at the ratio debt to GDP for e.g. US, Japan, Britain, EU and compared that to ours?

BIG is not always good ...

[Waltzing]

certainly hope they dont know what GDP is or OCR or GNP or PPP ...

and they keep buying.... and the SUN is still out apparently...
 

[Basil]

I have always found Kathmandu gear very expensive, even on so called sale whereas Glassons and Hollensteins stuff seems very reasonably priced even when not on sale.  If someone with my means finds Kathmandu expensive, maybe others will too and look to engage in brand substitution in tougher times, e.g. The Mountain Warehouse.

[lorraina]

I have always found Kathmandu gear very expensive, even on so called sale whereas Glassons and Hollensteins stuff seems very reasonably priced even when not on sale.  If someone with my means finds Kathmandu expensive, maybe others will too and look to engage in brand substitution in tougher times, e.g. The Mountain Warehouse.

One of the few shares I hold where I would not buy their products.
Perhaps the only share.

PS.I think I would be arrested for indecent exposure if a wore a Rip Curl G String bathing suit at New Brighton Beach...

[BlackPeter]

I have always found Kathmandu gear very expensive, even on so called sale whereas Glassons and Hollensteins stuff seems very reasonably priced even when not on sale.  If someone with my means finds Kathmandu expensive, maybe others will too and look to engage in brand substitution in tougher times, e.g. The Mountain Warehouse.

My great grandmother used to say "We are poor people, we can't afford to buy cheap stuff". She lived that way.

The stuff I buy at Kathmandu (and similar) outlets typically keeps for a couple of decades (+/-).

Much cheaper that replacing the wardrobe every year at HLG.

[Waltzing]

Nice weather at the upper and central north island beaches this weekend should see some rip curl tops and wet suits going out the door in what has been a good few weeks for surfing in the upper north island except for the on shores...

inflation down a bit good for retail.

[winner (n)]

Pretty solid Q3 sales

Rip Curl a bit of a problem it seems
Rip Curl the future of KMD ...needs to do heaps better

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/KMD/411610/394559.pdf

[Waltzing]

ok wll go and buy some wet suits... although a lot like ..O Neill...

picked up a go pro mini from T7 this week... and go pro bike fitting with 360 swivel from DS australia...

you can use the bike fitting for clamping on to carbon fibre in any sport where you need to collect data..

could not find a single ref to Margin or COS or GP or PAOE ....  oh sorry EBIT..

seems to be chugging along along along ..

better get the financials out and do the whole P&L thing and work up a model suppose...

[Shareguy]

Craig's today

•   KMD – Investor Day on at the home of Rip Curl in Torquay on the Melbourne Coast today ... and if it wasn't for a QAN flight cancellation this morning Kieran Carling would have been there (!) Here is Carling's take on KMD's brief Q3 earnings update this morning (alongside a c.160-page investor day presentation!):
o   Sales for the Group in Q3 increased by an impressive 15.6% YoY, which brings sales YTD (for the 9 months to Apr-23) to +27.7%. Given both CIP forecasts and consensus are for FY23 Group sales to be up c.17-18% on FY22, this update comes in ahead of expectations and highlights continued momentum across the Group following the strong first half result. With gross margins "resilient", sales growth reported across all brands, and the key Q4 winter period still to come for Kathmandu, we see this update as positive indication that KMD's recovery story remains intact. We expect the stock to trade up today.

[Basil]

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/KMD/414604/398360.pdf
Market seems disappointed with this part

Recent trading in the fourth quarter ("Q4") has been more challenging, with increased cost-of-living pressures softening consumer sentiment.
Kathmandu has so far experienced a slower start to its winter trading period, cycling its best-ever
winter season performance last year. Sales and retail footfall have been impacted by a warmer start to
winter in Australia, and softening consumer sentiment overall.

[winner (n)]

KMD half year preso they showed Rolling 12 months sales $1,150m and ebitda $127m

So 2nd half Ebitda about $20m less than last year

Rough numbers for H223 -

Sales $552m ,,,DOWN $22m or 4% on pcp
Ebitda $60m ......DOWN $22m or 25% on pcp

Jeez ..if this trend carries through into F24 no wonder punters jumping ship and share price collapsing

[winner (n)]

KMD Q3 sales up 16% which was pretty good ...and they were pretty excited about that

H2 sales flat at best

Must have been a torrid last quarter .......double digit decline

[Waltzing]

yes but what a bargain might emerge later next year!!!!

looking for some rip curl spring sales!