There's at least one retailer not complaining about the cold snap across Australia and New Zealand in July.
Kathmandu Holdings said cooler weather conditions helped generate more sales than anticipated when it issued a profit warning in June.
The company reported earnings before interest and tax (EBIT) were $NZ62.5 million to $NZ65.5 million ($A58.19 million to $A60.98 million) in the year ended July 31.
This compared to $NZ63.4m ($A58m) in 2013.
The company expected EBIT to fall 10 to 15 per cent in the face of warmer weather conditions.
CEO Peter Halkett anticipated a fall in winter merchandise.
“It is pleasing to have delivered a better full year result for FY14 than we were anticipating a few weeks ago when warm winter weather had significantly reduced customer demand,” he said.
“The improvement in sales and earnings in July once colder winter weather became established has resulted in a satisfactory outcome from our key winter sale event.”
Kathmandu expected 2014 net profit was expected to be in the range of $NZ39.5m ($A36.1m) to $NZ42.5m ($A38.8).
This would be down from $NZ44.2m ($A40.4m) in 2013.
Earnings were reduced by foreign currency exchange losses and a tax expense relating to an Australian intercompany loan revaluation.
Full year sales rose 2.3 per cent to $NZ392.9m ($A359.4m) while same store sales increased 4.2 per cent at constant exchange rates.
Kathmandu will release its full-year results on September 23.