Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Abby Foote was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • May 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (153% increase in shares outstanding). Minor Risk Market cap is less than US$100m (AU$96.1m market cap, or US$69.6m). Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Zion Armstrong was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Feb 02
KMD Brands Limited to Report First Half, 2026 Results on Mar 25, 2026 KMD Brands Limited announced that they will report first half, 2026 results on Mar 25, 2026 Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Zion Armstrong was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Sep 04
KMD Brands Limited to Report Fiscal Year 2025 Results on Sep 24, 2025 KMD Brands Limited announced that they will report fiscal year 2025 results on Sep 24, 2025 Aankondiging • Sep 03
KMD Brands Limited, Annual General Meeting, Nov 19, 2025 KMD Brands Limited, Annual General Meeting, Nov 19, 2025. Location: at mufg corporate markets, level 30, pwc tower, 15 customs street west,auckland 1010., auckland New Zealand Board Change • Feb 04
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Non-Executive Independent Director Zion Armstrong was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jan 24
KMD Brands Limited to Report First Half, 2025 Results on Mar 26, 2025 KMD Brands Limited announced that they will report first half, 2025 results on Mar 26, 2025 Board Change • Dec 24
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Non-Executive Independent Director Zion Armstrong was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 16
KMD Brands Limited Announces Chief Executive Officer of Rip Curl Brand Changes KMD Brands Limited announced that Brooke Farris has given notice of her resignation as Rip Curl brand CEO. An external global search has commenced for a replacement. KMD Brands Group CEO Michael Daly will act as interim Rip Curl CEO during the transition. Reported Earnings • Sep 25
Full year 2024 earnings released: NZ$0.07 loss per share (vs NZ$0.049 profit in FY 2023) Full year 2024 results: NZ$0.07 loss per share (down from NZ$0.049 profit in FY 2023). Revenue: NZ$979.4m (down 11% from FY 2023). Net loss: NZ$49.8m (down 242% from profit in FY 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance. Aankondiging • Sep 05
KMD Brands Limited, Annual General Meeting, Sep 20, 2024 KMD Brands Limited, Annual General Meeting, Sep 20, 2024. Aankondiging • Aug 20
KMD Brands Limited to Report Fiscal Year 2024 Results on Sep 25, 2024 KMD Brands Limited announced that they will report fiscal year 2024 results on Sep 25, 2024 Reported Earnings • Mar 21
First half 2024 earnings released: NZ$0.015 loss per share (vs NZ$0.019 profit in 1H 2023) First half 2024 results: NZ$0.015 loss per share (down from NZ$0.019 profit in 1H 2023). Revenue: NZ$468.6m (down 14% from 1H 2023). Net loss: NZ$10.4m (down 179% from profit in 1H 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Specialty Retail industry in Australia. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Mar 14
Now 22% overvalued Over the last 90 days, the stock has fallen 35% to AU$0.49. The fair value is estimated to be AU$0.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Aankondiging • Feb 20
KMD Brands Limited to Report First Half, 2024 Results on Mar 19, 2024 KMD Brands Limited announced that they will report first half, 2024 results on Mar 19, 2024 Aankondiging • Nov 18
KMD Brands Limited Announces Executive Changes Further to the announcement on 7 July 2023, KMD Brands Limited confirmed that, following Chris Kinraid's resignation as Group Chief Financial Officer (Group CFO), his last day with KMD Brands will be 8th December 2023. While the company continued to recruit for a permanent Group CFO, Ben Washington, Deputy CFO, will provide interim cover for financial and investor aspects of the Group CFO role, and Lachlan Farran, Chief Commercial Officer, will absorb the remaining operational responsibilities on an interim basis, both with effect from 8th December 2023 until a permanent Group CFO appointment is made. Recent Insider Transactions • Oct 05
Independent Non-Executive Chairman recently bought AU$167k worth of stock On the 27th of September, David Kirk bought around 207k shares on-market at roughly AU$0.81 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Upcoming Dividend • Sep 27
Upcoming dividend of NZ$0.03 per share at 7.1% yield Eligible shareholders must have bought the stock before 04 October 2023. Payment date: 20 October 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.1%. Lower than top quartile of Australian dividend payers (7.2%). Higher than average of industry peers (6.2%). Aankondiging • Sep 21
KMD Brands Limited Announces Ordinary Dividend for the Six Months Ended July 31, 2023, Payable on October 20, 2023 KMD Brands Limited announced the ordinary dividend of NZD 0.03000000 per share for the Six Months Ended July 31, 2023. Ex Date is on October 04, 2023 with Record date is on October 05, 2023. Payment date is on October 20, 2023. Reported Earnings • Sep 20
Full year 2023 earnings released: EPS: NZ$0.049 (vs NZ$0.051 in FY 2022) Full year 2023 results: EPS: NZ$0.049 (down from NZ$0.051 in FY 2022). Revenue: NZ$1.10b (up 13% from FY 2022). Net income: NZ$35.1m (down 2.3% from FY 2022). Profit margin: 3.2% (down from 3.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Australia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Aankondiging • Aug 28
KMD Brands Limited to Report Fiscal Year 2023 Results on Sep 20, 2023 KMD Brands Limited announced that they will report fiscal year 2023 results on Sep 20, 2023 Aankondiging • Aug 25
KMD Brands Limited, Annual General Meeting, Sep 11, 2023 KMD Brands Limited, Annual General Meeting, Sep 11, 2023, at 17:00 NZST - New Zealand Standard. Agenda: To consider the election of director. Aankondiging • Jul 12
KMD Brands Limited Provides Earnings Guidance for the Full Year Ending 31 July 2023 KMD Brands Limited provided earnings guidance for the full year ending 31 July 2023. For the period, sales are expected to be approximately $1.1 billion. Sales are expected to be a full-year record for the Group, exceeding $1 billion for the first time, following strong sales growth from all brands in the first three quarters of the financial year. Recent trading in the fourth quarter ("Q4") has been more challenging, with increased cost-of-living pressures softening consumer sentiment. Aankondiging • Jul 07
KMD Brands Limited Announces Resignation of Chris Kinraid as Group Chief Financial Officer, Effective from December 2023 KMD Brands Limited announced that Chris Kinraid has given notice of his resignation as Group Chief Financial Officer, with effect from December 2023, to take up a position as Chief Executive Officer with another NZX-listed company. Chris will continue as Group CFO until the end of the calendar year. The process for appointing a replacement will commence immediately and KMD Brands will provide a further market update in due course. Upcoming Dividend • Jun 07
Upcoming dividend of NZ$0.03 per share at 5.6% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 5.6%. Lower than top quartile of Australian dividend payers (7.5%). Lower than average of industry peers (7.0%). Aankondiging • May 11
KMD Brands Limited Appoints Megan Welch as Chief Executive Officer of Kathmandu, Effective from August 7, 2023 KMD Brands Limited announced that Megan Welch has been appointed as the Chief Executive Officer (CEO) of Kathmandu. Megan will be based in Christchurch, Aotearoa New Zealand, at Kathmandu's Head Office, and takes over from Michael Daly, Group CEO and Managing Director of KMD Brands, who has been caretaking the role in addition to his role at the Group. Daly's role as Group CEO and Managing Director remains unchanged, and the incoming CEO will report to him. With extensive global brand and product experience, Megan joins Kathmandu from Crocs where she served as Senior Vice President and General Manager Asia Pacific in Singapore. Having started with Crocs in its early days, joining pre-IPO, Megan has lived and worked in Europe, the US and Asia, and has a reputation for driving revenue and profit growth in the various leadership roles she has held during her tenure with the Crocs brand. Megan will take up the position of Kathmandu CEO effective from 7th August 2023. Reported Earnings • Mar 23
First half 2023 earnings released: EPS: NZ$0.019 (vs NZ$0.008 loss in 1H 2022) First half 2023 results: EPS: NZ$0.019 (up from NZ$0.008 loss in 1H 2022). Revenue: NZ$547.9m (up 35% from 1H 2022). Net income: NZ$13.2m (up NZ$19.0m from 1H 2022). Profit margin: 2.4% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in Australia. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 4% per year. Aankondiging • Feb 14
KMD Brands Limited to Report First Half, 2023 Results on Mar 22, 2023 KMD Brands Limited announced that they will report first half, 2023 results on Mar 22, 2023 Upcoming Dividend • Nov 02
Upcoming dividend of NZ$0.03 per share Eligible shareholders must have bought the stock before 09 November 2022. Payment date: 25 November 2022. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 5.6%. Lower than top quartile of Australian dividend payers (6.9%). In line with average of industry peers (5.7%). Recent Insider Transactions • Sep 30
Insider recently bought AU$60k worth of stock On the 27th of September, Abigail Foote bought around 65k shares on-market at roughly AU$0.92 per share. This transaction increased Abigail Foote's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$315k more in shares than they have sold in the last 12 months. Reported Earnings • Sep 21
Full year 2022 earnings released Full year 2022 results: Revenue: NZ$979.8m (up 6.2% from FY 2021). Net income: NZ$36.0m (down 43% from FY 2021). Profit margin: 3.7% (down from 6.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Specialty Retail industry in Australia. Upcoming Dividend • Jun 07
Upcoming dividend of NZ$0.03 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 30 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.0%. Lower than top quartile of Australian dividend payers (6.2%). Lower than average of industry peers (6.2%). Recent Insider Transactions • Mar 29
Non-Executive Independent Director recently bought AU$63k worth of stock On the 24th of March, Philip Bowman bought around 50k shares on-market at roughly AU$1.26 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$255k more in shares than they have sold in the last 12 months. Upcoming Dividend • Nov 22
Upcoming dividend of NZ$0.03 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 15 December 2021. Trailing yield: 3.8%. Lower than top quartile of Australian dividend payers (5.4%). Lower than average of industry peers (4.3%). Recent Insider Transactions • Oct 20
Insider recently bought AU$97k worth of stock On the 15th of October, Abigail Foote bought around 65k shares on-market at roughly AU$1.50 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$223k more in shares than they have sold in the last 12 months. Reported Earnings • Sep 21
Full year 2021 earnings released: EPS NZ$0.089 (vs NZ$0.017 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: NZ$922.8m (up 15% from FY 2020). Net income: NZ$63.1m (up NZ$54.9m from FY 2020). Profit margin: 6.8% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 13
Upcoming dividend of NZ$0.02 per share Eligible shareholders must have bought the stock before 20 May 2021. Payment date: 04 June 2021. Trailing yield: 2.6%. Lower than top quartile of Australian dividend payers (5.2%). Lower than average of industry peers (3.7%). Executive Departure • Apr 11
Group CEO, MD & Executive Director Xavier Simonet has left the company On the 9th of April, Xavier Simonet's tenure as Group CEO, MD & Executive Director of the company ended after 5.8 years in the role. As of December 2020, Xavier personally held 1.31m shares (AU$1.6m worth at the time). Xavier is the only executive to leave the company over the last 12 months. Under Xavier's leadership, the company delivered a total shareholder return of 83%. Reported Earnings • Mar 24
First half 2021 earnings released: EPS NZ$0.031 (vs NZ$0.026 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NZ$410.7m (up 13% from 1H 2020). Net income: NZ$22.0m (up 218% from 1H 2020). Profit margin: 5.3% (up from 1.9% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 09
New 90-day low: AU$1.13 The company is down 10.0% from its price of AU$1.25 on 09 December 2020. The Australian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.79 per share. Recent Insider Transactions • Dec 01
Non-Executive Independent Director recently bought AU$126k worth of stock On the 27th of November, Philip Bowman bought around 100k shares on-market at roughly AU$1.26 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$330k more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Nov 13
New 90-day high: AU$1.22 The company is up 18% from its price of AU$1.04 on 14 August 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.68 per share. Is New 90 Day High Low • Oct 10
New 90-day high: AU$1.21 The company is up 11% from its price of AU$1.09 on 10 July 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Specialty Retail industry, which is up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.68 per share. Recent Insider Transactions • Sep 25
Non-Executive Independent Director recently bought AU$61k worth of stock On the 24th of September, Philip Bowman bought around 50k shares on-market at roughly AU$1.21 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$205k more in shares than they have sold in the last 12 months. Reported Earnings • Sep 24
Full year earnings released - EPS AU$0.017 Over the last 12 months the company has reported total profits of NZ$8.15m, down 86% from the prior year. Total revenue was NZ$801.5m over the last 12 months, up 38% from the prior year. Profit margins were 1.0%, which is lower than the 9.9% margin from last year. The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Sep 21
New 90-day high: AU$1.20 The company is up 3.0% from its price of AU$1.16 on 23 June 2020. The Australian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Specialty Retail industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.79 per share. 
