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Business

Derek Rose

EXPLAINED: Kmd brands reports strong sales growth - The Real Truth

KMD Brands Rip Curl Kathmandu Michael Daly Oboz

The owner of Kathmandu and Rip Curl says its underlying operating profit has improved by $30 m. (David Mariuz/AAP PHOTOS) (AAP)

Kathmandu and Rip Curl owner KMD Brands says that first-quarter sales were up 17.5 per cent compared to three years ago, before COVID-19 struck.

Sales for the September quarter were up 61.8 per cent from what they were last year, when many parts of Australia were in lockdown.

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