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Jeremy Hasn't from Mill Finance Set Management with Me, Jeremy. Good evening, evening, right, Yeah, good to have you back. KMD Brands released their half year financial results today. Stock has had a torrid few weeks. What are investors buying into here?

Jeremy Hasn't from Mill Finance Set Management with Me, Jeremy. Good evening, evening, right, Yeah, good to have you back. KMD Brands released their half year financial results today. Stock has had a torrid few weeks. What are investors buying into here?

Yeah, KMD Brands had their numbers out today, and just remember that this is looking back six months into the last half of twenty twenty four, but it is over the very important Christmas and New Year spend period for retailers. And I will also a quick reminder on the brands in KMD, so the very well known Catman Do Appower brand, and then it's also got rip Curl, which is a very important surf brand as well. But you're right, the business has had a torrid time, particularly over the past few years. The share price is down seventy seven percent since the peak in November twenty twenty one, and that's largely been tracking sales down and profits down across all their brands. So investors here are really backing a cyclical retail recovery story. But it will take a few years to come to fruition.

Yeah, KMD Brands had their numbers out today, and just remember that this is looking back six months into the last half of twenty twenty four, but it is over the very important Christmas and New Year spend period for retailers. And I will also a quick reminder on the brands in KMD, so the very well known Catman Do Appower brand, and then it's also got rip Curl, which is a very important surf brand as well. But you're right, the business has had a torrid time, particularly over the past few years. The share price is down seventy seven percent since the peak in November twenty twenty one, and that's largely been tracking sales down and profits down across all their brands. So investors here are really backing a cyclical retail recovery story. But it will take a few years to come to fruition.

But finally I guess some sales improvements that would make some retailers pretty happy.

But finally I guess some sales improvements that would make some retailers pretty happy.

Yeah, importantly, in the update today, they always provide some directional trends in sales, and they have been improving. And then finally, in the last quarter of twenty twenty four, both the important brands Catmen, Do and Ripkel reported positive sales growth again versus the Pride period and this was the first time that we'd seen positive sales growth in over two years. So really good to see and perhaps the start of the turnaround story for KMD brands.

Yeah, importantly, in the update today, they always provide some directional trends in sales, and they have been improving. And then finally, in the last quarter of twenty twenty four, both the important brands Catmen, Do and Ripkel reported positive sales growth again versus the Pride period and this was the first time that we'd seen positive sales growth in over two years. So really good to see and perhaps the start of the turnaround story for KMD brands.

Yeah, let's hope. So, Jeremy, thank you very much for that up there. I appreciate your time. Jeremy Hautton, Milford Esset Management.

Yeah, let's hope. So, Jeremy, thank you very much for that up there. I appreciate your time. Jeremy Hautton, Milford Esset Management.

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