Kathmandu’s cool sales

 

kathmanduOutdoor clothing retailer Kathmandu’s third quarter sales grew by nearly four per cent due to colder weather in Australia and New Zealand.

The company recorded sales of $NZ93 million ($A86.58 million) in the three months to April 27, up 3.6 per cent from the same period a year ago.

Same store sales were down 0.6 per cent compared to a year ago, indicating sales growth was driven by higher store numbers.

The company said it had a strong trading performance during its Easter sale promotion, boosted by the later timing of Easter and the change to cooler weather in Australian and New Zealand.

The company has previously forecast profit growth in 2013/14, and said on Wednesday it was confident of a strong performance in the year.

Its shares were up five cents at $3.56 at 1040 AEST.

AAP

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