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Article Date: August 2017
Word Count: 190

Anta Sports Posts Big First Half Gains

Comprehensive net income at the Chinese footwear and apparel company increased 14% to RMB1,323.9 million ($192.9 million) from RMB1,159.7 million in the first half, despite a RMB155 million negative swing in foreign exchange, as sales gained 19% to RMB7,323.2 million ($1,067.0 million) from RMB6,142.7 million. Gross margin surged 270 basis points to 50.6%. Footwear sales gained 18% to RMB3,387.2 million boosted by Klay Thompson and Anta’s Shock the Game ad campaign launched during his China tour. Apparel jumped 22% to RMB3,684.8 million and accessories were up 1% to RMB251.2 million. Anta’s been pushing hard with ... Log in to view full article.


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