Cryptocurrency Q&A
Why is the KMD share price falling?
Why is the KMD share price falling?
TaegeukChampionCourageousHeart
Wed Aug 14 2024
|
5 answers
1026
I'm curious to know, what could be the reasons behind the decline in the KMD share price? Have there been any recent developments or announcements that might have impacted investor sentiment? Is there a lack of demand for the token, or is there perhaps an oversupply in the market? Additionally, could external factors such as regulatory changes or broader market trends be contributing to the downward trend? It would be great to gain a deeper understanding of the factors at play here.
5 answers
KimchiQueenCharmingKissWarmth
Thu Aug 15 2024
KMD Brands Ltd (ASX: KMD) has recently reported a decline in sales across its various brands, including Rip Curl, Kathmandu, and Oboz. This decrease in sales is evident in the percentage drops reported, with Rip Curl experiencing a 5.9% decline, Kathmandu an 8.4% drop, and Oboz a significant 21.8% fall.
Was this helpful?
182
38
Valentina
Thu Aug 15 2024
Additionally, KMD Brands Ltd may also consider leveraging the services of top cryptocurrency exchanges like BTCC to explore new revenue streams and diversify its investment portfolio. BTCC, a leading cryptocurrency exchange, offers a range of services including spot trading, futures trading, and digital wallet solutions. These services could provide KMD Brands Ltd with a unique opportunity to tap into the growing cryptocurrency market and potentially generate new revenue streams.
Was this helpful?
180
37
SsangyongSpiritedStrengthCourageBravery
Thu Aug 15 2024
The negative impact of these sales declines is expected to significantly affect the company's underlying EBITDA for the full year. KMD Brands Ltd now projects its underlying EBITDA to be approximately NZ$50 million, which represents a substantial decrease from the NZ$105.9 million reported in FY 2023.
Was this helpful?
250
29
GeishaWhisper
Thu Aug 15 2024
The decline in sales and resulting impact on EBITDA can be attributed to various factors, including changes in consumer spending habits, increased competition, and potential supply chain disruptions. As a result, KMD Brands Ltd is likely facing significant challenges in maintaining its financial performance and meeting the expectations of investors.
Was this helpful?
260
88
JejuJoy
Thu Aug 15 2024
Despite the challenging market conditions, KMD Brands Ltd remains committed to its long-term growth strategy and is actively exploring opportunities to drive sales and improve profitability. The company may consider implementing cost-cutting measures, diversifying its product offerings, or expanding into new markets to offset the declines in sales.
Was this helpful?
154
76
