Norwegian home furnishings group Kid ASA reported second-quarter 2026 revenue of NOK 914.8 million, an increase of 6.8% from the same period a year earlier on a reported basis and 9.1% in constant currency terms.
Like-for-like sales, including online channels, grew 8.3%, while online revenue surged 42.9% year-over-year. Online sales now account for 15.9% of total revenue, rising to 20.4% when including click-and-collect services. Gross margin expanded to 63.2%, up 0.9 percentage points from Q2 2025, while EBITDA rose 15.2% year-over-year. Operating expenses increased 5.4% on a reported basis, with employee benefit costs up NOK 5.8 million in constant currency terms and other operating expenses rising NOK 20.8 million.
Cash and available credit facilities stood at NOK 318.8 million at the end of the quarter, while the company paid a dividend of NOK 2.50 per share, totaling NOK 101.6 million. Kid ASA’s market capitalization was $561.68 million, with a trailing price-to-earnings ratio of 23.71 times. The stock last traded at $129, down 1.83% from the prior close of $131.40, with a 52-week range of $112.00 to $157.40.
Kid Interior, the group’s flagship brand, reported total revenue growth of 7.1% and like-for-like growth of 6.7%. Hemtex, acquired in 2022, posted reported revenue growth of 6.3% in NOK terms, or 12.5% in constant currency, with like-for-like store sales in Sweden rising 6.9%. New product categories introduced since 2022 expanded by 25.7%, now encompassing all furniture segments including outdoor and garden lines. Labor productivity improved 25% year-over-year.
Store network adjustments continued, with Kid completing four store projects and opening one extended location in Q2, while closing three stores. The group signed contracts for two new Kid stores in Norway and seven additional store projects by quarter-end. Hemtex signed contracts for nine new store projects during the same period.
Management reaffirmed guidance, projecting earnings per share of NOK 0.19 for Q3 2026, NOK 0.70 for Q4, and NOK 0.92 for the full year. Revenue forecasts were set at NOK 105.96 million for Q3, NOK 167.77 million for Q4, and NOK 457.27 million for fiscal 2026, with a 2027 target of NOK 487.83 million. CEO Marianne Fulford noted that Q2 performance reflected strong growth across both Kid and Hemtex despite a negative Easter calendar effect in Norway, while CFO Mads Kigen highlighted the group’s gross margin of 63.2% as robust and in line with financial objectives.
