8 May 2014

Late Easter helps Kathmandu sales

7:28 am on 8 May 2014

The outdoor retail outlet Kathmandu's third quarter sales rose 3.6 percent to $93 million despite headwinds from the strong New Zealand dollar.

At constant exchange rates, sales for the 13 weeks ended April would have been nearly 13 percent higher than in the same quarter last year.

Kathmandu says the late timing of Easter this year and a change to cooler weather in both Australia and New Zealand helped boost sales.

The retailer says sales at stores open for 12 months or more were up 0.6 percent but they were more than 8 percent higher at constant exchange rates.

Kathmandu says its gross profit margins were in line with the same quarter last year.