after a flat interim result (cycling a good prior year), that is a strong Q3 result. For Q3, sales +11.9% yoy at constant exchange rates, with same store sales +11.5%. That momentum, and some confidence about promotion and product, backed by the cost management evidenced in 1H, is very encouraging for Q4 and the full year result. A lot of retail struggling, but KMD (and NCK) seem to be bucking the trend.
Ann: Trading update and Macquarie 2017 conference presentation, page-2
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