Rip Curl parent company Kathmandu Holdings released details about Rip Curl’s first half results Friday.
For the six months ended Jan. 31, same store sales at Rip Curl stores declined 1.6%. When adjusted for Covid closures during Q1, same store sales rose 2%. In Q2, same store sales increased 3% vs. last year.
Rip Curl was up against tough comparisons from last year when business was especially strong.
When compared to Q2 two years ago in pre-Covid times, Rip Curl’s Q2 same store sales this year increased 20%. Kathmandu said Rip Curl’s retail results reflect strong demand for the brand and the increase in surfing participation.
Rip Curl’s first half wholesale results were robust, rising 18.2%.
“Rip Curl has again performed well in the southern hemisphere summer season, with strong wholesale sales growth, and retail sales consolidating last year’s strong growth and profitability,” said Michael Daly, CEO of Kathmandu Holdings.
