KMD Brands Limited Reports Resilient FY24 Results
Company Announcements

KMD Brands Limited Reports Resilient FY24 Results

KMD Brands Limited (AU:KMD) has released an update.

KMD Brands Limited reported mixed results for FY24, with Rip Curl and Kathmandu experiencing improvements in sales over the second half of the year despite a difficult consumer environment. The company saw a slight decrease in gross margin and a significant reduction in net debt, ending the year with strong funding headroom. KMD anticipates an underlying EBITDA of $49 to $51 million and has tightly controlled operating costs, benefiting from prior restructuring.

For further insights into AU:KMD stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskKMD Brands Director Increases Shareholding in Strategic Move
TipRanks Australian Auto-Generated NewsdeskKMD Brands Director Philip Bowman Increases Shareholding
TipRanks Australian Auto-Generated NewsdeskKMD Brands Witnesses Major Shareholding Shifts
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App