Outdoor retailer Kathmandu has revealed it expects to see its EBIT for FY2018 in the range of $72-77 million, up from $57 million for FY2017.
The group also saw its total sales numbers for the year rise 7.7% above last year while same store sales in Australia were up 7.7% for the year with a 13.8% increase in same store sales in the second half.
Improved second half results of 4% growth for same store sales in New Zealand saw the business' same store numbers stabilise for a 1.5% drop after the business posted a 6.3% reduction in sales in the first half.
Kathmandu CEO Xavier Simonet said the second half results reflected strong performances for the brand in its autumn and winter promotions alongside other innovations for the business.
“Our second half so far has been strong across both Australia and New Zealand, with Australia experiencing double digit same store sales growth.
“The Autumn season and the start of our key Winter promotion have delivered higher sales and profit than planned.
“The successful launch of innovative new products, enhanced in-store customer experience, inspiring content and engagement on social media and digital channels have contributed to the performance.”
Kathmandu will release the full results for the year on September 18, 2018.