Norway-based home retailer Kid ASA reported second-quarter revenue of NOK 914.8 million, beating a NOK 904 million analyst consensus and marking a 6.8% increase from the same period last year. The company attributed the growth to strong seasonal assortments and continued expansion in online sales.
Earnings per share rose to NOK 0.90, supported by improved profitability and lower financial expenses. Gross margin widened to 63.2%, driven by favorable freight costs, currency effects, and a favorable product mix. EBITDA reached a record NOK 217.8 million for the quarter.
Analysts polled by Kid ASA had based their revenue estimate on projections from four firms. The home retailer did not provide forward guidance in its earnings release, leaving the outlook for the second half of the year unspecified.
