Lockdowns wipe $13 million from Kathmandu Holdings FY21 results
By Imogen Bailey | 29 June 2021
Kathmandu Holdings has revealed the impact the Victorian, New South Wales and newly announced Western Australia lockdowns are likely to have on its trading results.
Currently, the Group has 40 stores closed in NSW for a minimum of two weeks and 26 stores closed in WA for a minimum of four days.
This follows the Victorian lockdown, which saw 62 stores close for two weeks in early June.
Due to these closures, the Group expects total sales for FY21 to be below original expectations at approximately $930 million, and underlying EBITDA is estimated at c.$120 million.
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