What is Happening to Kathmandu Holdings Share Price?
Kathmandu [ASX:KMD] is retailer of outdoor and adventure clothing and accessories. It has over 100 stores across Australia and New Zealand.
Shares in Kathmandu have been trending up lately. They are up 47% from the close on June 29 to yesterday. They are now trading at $1.84.
Why Did This Recent Rise Happen to Kathmandu Shares?
The company has implemented a new plan to focus its promotional activity and improve its gross margins. That appears to be working for now.
On August 4 the company announced total sales were up 4% over the year to July 31.
What Now for Kathmandu?
The company is due to release its full year results on September 21. A high Aussie dollar is helpful for the company because its merchandise means it’s a heavy importer. The company will need to maintain its gross margins to drive profits. It’s also an interesting barometer of the Australian retail sector.
An interesting stock to watch for further developments and newsflow.
Editor, Markets and Money