The Rip Curl, Kathmandu, and Oboz parent reported year-over-year sales down 1.9% for the fiscal third quarter ended May 25, also declining sequentially from the +0.5% result in H1. Rip Curl improved 0.9%, offset by a Kathmandu drop of 6.4% and Oboz ticking down 1.1%. Rip Curl’s direct-to-consumer channel outperformed in the quarter, with North American flagship store comps getting a call out. While wholesale sales continue to improve sequentially from the first half, they still trail the prior year.

Kathmandu was dinged by unseasonably warm weather in Australia, bringing down sales ... Log in to view full article.