Kathmandu Holdings lifted third-quarter sales 9.3 per cent which the outdoor equipment chain said was due to new product lines and better promotions.
The Christchurch-based retailer increased group sales 9.3 per cent in the 13 weeks ended April 30, and said sales were up 12 per cent on a constant currency basis, without providing more detail.
Kathmandu's sales were bolstered by new product performance and improved promotional execution, it said in a presentation slides lodged with the NZX.
In March, the retailer beat first-half guidance, reporting profit of $10 million on a 0.2 per cent increase in sales to $196 million. The company has bounced back from an earnings slump in 2016 when an inventory build-up forced it into aggressive discounting at low margins to clear stock.
Kathmandu today said the upcoming winter sale in June and July is "key to the full-year result".
