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How KMD Brands Plans to Turn Around After FY25 Loss with ‘Next Level’ Strategy
7:48am on Wednesday 19th of November, 2025 AEDT
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Consumer Discretionary
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How KMD Brands Plans to Turn Around After FY25 Loss with ‘Next Level’ Strategy
7:48am on Wednesday 19th of November, 2025 AEDT
Key Points
FY25 revenue grew modestly by 1.0% but underlying net loss reached $28.3 million
Gross margin declined due to increased promotions and inventory clearance
‘Next Level’ three-year transformation strategy launched to reset costs and accelerate growth
New CEO Brent Scrimshaw leads strategic shifts across Rip Curl, Kathmandu, and Oboz brands
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