Kid Full Year 2023 Earnings: Revenues Beat Expectations, EPS In Line

Kid (OB:KID) Full Year 2023 Results

Key Financial Results

• Revenue: kr3.41b (up 7.4% from FY 2022).
• Net income: kr313.8m (up 26% from FY 2022).
• Profit margin: 9.2% (up from 7.8% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: kr7.72 (up from kr6.13 in FY 2022).

KID Sales Performance

• Like-for-like sales growth: 5.5% vs FY 2022.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kid Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Specialty Retail industry in Europe.

Performance of the market in Norway.

The company's shares are up 2.5% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Kid that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.