NZ's KMD Brands hits record low on reporting downbeat sales

About this update from Kmd Brands Limited

** NZX-listed shares of KMD Brands NZX:KMD slip as much as 8.5% to NZ$0.270, hitting their record low** Outdoor clothing retailer says FY25 YTD group sales are down 0.5%** Expects the impact from U.S. tariffs to hit FY25 EBITDA by ~NZ$1 million ($602,900)** 2 of the group's brands have major operations in the U.S., with wetsuit brand Rip Curl U.S. accounting for ~12%, and footwear brand Oboz U.S. ~7% of the group's annual sales** Co sees FY25 underlying EBITDA to be in the range of NZ$15 million to NZ$25 mln** Co last year posted underlying EBITDA of NZ$50 mln** Shares hit their biggest intraday pct loss since January 20** Stock down 39.3% YTD($1 = 1.6586 New Zealand dollars)

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