Kathmandu saw its share price jump by 17 percent after the New Zealand-based outdoor group told investors that it was expecting a strong improvement in its profits for the first half of its financial year. Its Australian retail operations, which represent two-thirds of its sales, performed best in the 15 weeks through Nov. 11, with sales rising by 7.1 percent on a same-store basis. Sales went up by 5.2 percent in New Zealand. Aside from Oboz, the American brand of outdoor shoes bought last April for $60 million, the group operates 167 Kathmandu stores in Australia, New Zealand and the U.K. Excluding Oboz, the group's sales went up by 8.4 percent on a currency-neutral basis during the period. In the three months through October, Oboz generated sales of 15.7 million New Zealand dollars (€9.2m-$10.5m) and a gross margin of 39.8 percent.
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