Global outdoor and sports company KMD Brands, the name behind Rip Curl and Kathmandu, says it is well positioned to capitalise on a return of international travel but warned the uncertain consumer outlook will dent demand against a backdrop of high inflation and interest rates.

KMD chief executive Michael Daly told The Australian Financial Review that consumer spending has held up, but its cheaper outlets are performing strongly, a sign that some shoppers are looking for more deals.