Kathmandu’s profit fell 4.6% after a weaker dollar and a slump in demand during the key selling month of June.
The adventure clothing retailer made a net profit of NZ $42.15 million for the year to July 31.
Sales were 2.3% stronger at $392.9 million.
Chief Operating Officer Mark Todd says the result is a good considering reduced customer demand in June and a NZ $5.8 million adverse impact of exchange rates.
The retailer saw sales in Australia up 6.9% and the company expects similar growth in the year ahead.
Kathmandu is investing in international expansion, including the UK and Europe.
The company’s sales performance:
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