Full Year 2024 KMD Brands Ltd Earnings Call Transcript
Good morning, everyone, and thank you for joining us for today's presentation of KMD Brands financial results for the 2024 financial year. My name's Michael Daly and I'm the CEO and Managing Director of the group. I'm joined in the call by Ben Washington, our Interim Group Chief Financial Officer. We will be talking through the presentation lodged on the NZX and ASX this morning.
Unless otherwise specified, all financial numbers are in New Zealand dollars. Today's presentation will begin with a summary of the key financial and operational results for FY '24. We will then discuss the group's financials, brand results and an update on Kathmandu. We'll conclude with our focus areas and outlook for FY '25.
I will begin with a summary of the key results for FY '24 and an overview of our group. Drawing your attention to slide 4 now. Sales were 11.2% below last year's record sales result, reflecting ongoing weakness in consumer sentiment. Sales declined for all three of our brands, cycling their
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