0008 GMT - Forsyth Barr is more confident in the earnings trajectory of KMD Brands following the outdoor clothing retailer's 1H result. Analyst Paul Laxton Koraua says the cycle of sales downgrades is close to ending. "We believe KMD can return to our estimated mid-cycle earnings of NZ$0.08/share by FY 2028," Forsyth Barr says. Bolstering that view is the assumption that KMD's Kathmandu brand gets back to sales of some NZ$2.5 million per store, with Ebitda margins recovering to around 14%. It also assumes Rip Curl's Ebitda margins return to approximately 10%, in line with its pre-Covid average. Finally, Forsyth Barr says an improved wholesale channel can lift Oboz's Ebitda margins to around 10%. It retains an outperform call on KMD's stock. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
March 27, 2025 20:08 ET (00:08 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。