Activewear segment operating profit gained 9% to $64,575,000 from $59,325,000 in the fourth quarter on sales of $383,465,000, up 3% from $373,166,000. For the full year, Activewear operating earnings were off 8% to $227.5 million on flat revenues of $1,571.0 million.
Global Champion revenue was up 10% in the quarter driven by Europe, Asia, and double-digit growth in the US mass business, but declined in the sports specialty channel. Licensed sports apparel revenue increased double digits on expansion into the high school channel and organic growth in college bookstores.
The International segment, which includes the now consolidated Champion brand outside the U.S., ... Log in to view full article.