Q1 2026 Kid ASA Earnings Call Transcript

May 13, 2026 / 06:30 AM GMT

Release Date Price: €10.9 (-2.15%)

Transcript

Key Points

Positve

Kid ASA (FRA:97Q) reported a solid 9.1% revenue growth in Q1 2026, driven by positive developments across both Kid and Hemtex.
Online revenues increased significantly, representing 14.1% of total group revenues, driven by improved website features and customer experience.
Gross margin improved by 0.6 percentage points to 61.2%, primarily due to lower freight costs and reduced clearance sales.
Operational stability improved with normalized warehouse capacity, supporting increased volumes and normal deliveries to stores.
Store projects, including refurbishments and new openings, continue to support profitable growth and future expansion plans.

Negative

Operating expenses increased by 8.6% due to new stores, projects, and higher activity levels, impacting overall profitability.
Higher financial costs were reported, mainly due to increased net interest-bearing debt from the transition year 2025.
The lower basket size in Norway and Sweden was attributed to the Easter effect, impacting overall sales performance.
The new categories showed somewhat slow growth compared to major and focus categories, indicating potential challenges in diversification.
The warehouse in Norway still requires a long-term solution, with current sublease agreements covering only 65% of the warehouse cost.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KID.OL - Kid ASA
Q1 2026 Kid ASA Earnings Call
May 13, 2026 / 06:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone, and welcome to our first quarter presentation. I am Marianne Swillford, CEO at Kidd, and with me today, I have CFO Max Keegan, who will go through the financials.

Q1 marks a return to normal operation and stabilized warehouse processes.

We deliver a solid 9.1% revenue growth, driven by positive development across both Kidd and Hempex.

The quarter was positively impacted by seasonal assortment and strong online development.

Easter assortment performed well due to commercial assortment and the timing of Easter.

The same did our spring and summer assortment, which arrived earlier this year.

And the early arrival contributed to more inspiring stores with a higher share of newness

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