Kid ASA (0RCW) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to our first quarter presentation. I am Marianne Fulford, CEO at Kidd. And with me today, I have CFO, Mats Kiegen, who will go through the financials. Q1 marks a return to normal operation and stabilized warehouse processes. We deliver a solid 9.1% revenue growth, driven by positive development across both Kid and HempTex. The quarter was positively impacted by seasonal assortment and strong online development. Easter assortment performed well due to commercial assortment and the timing of Easter. The same did our spring and summer assortment, which arrived earlier this year. And the early arrival contributed to more inspiring stores with a higher share of newness compared to last year, and it drives both store traffic and sales. Online revenues increased significantly in the quarter, driven by positive development in both Kid and HempTechs. The online revenues represent 14.1 of total group revenues in the first quarter. Over the past period, we've made several upgrades to our websites with better product presentation and inspiration, driving traffic, improving customer experience and lifting omni sales. Gross margin increased this quarter, positively impacted by freight and reduced clearance sale in January. And operating expenses increased by 8.6%, and Mats will provide you with more details later. The logistic challenges we had last year did not impact revenues this quarter, even though some stores weren't fully stocked until mid of Q1. Overall, the warehouse ran as planned in Q1 with higher capacity and much better flow, supporting increased volumes and normal deliveries to our stores. The central warehouse is now stable with more reliable and predictable day to day operations. We're still working on improving processes and gra...