Misto Holdings Makes Progress with Fila Turnaround
Revenues at the Fila brand owner and Acushnet majority shareholder increased 17% to KRW 1,431,157 million ($953.0 mm) from KRW 1,227,714 million in the second quarter, benefitting from the golf company’s stellar club revenues. Sales were up 10% in constant currency. As we reported last week, GOLF’s early launch of Titleist GTS drivers powered a 22% top-line improvement. Consolidated gross margin was up 430 basis points to 59.3%, and profit attributable to owners for the group increased 50% to KRW 128,660 million ($85.7 mm) in Q2 from KRW 85,822 million last ... Log in to view full article.