Misto Holdings Raises Profit Guidance
Profits at the Korean parent company of Fila and Acushnet fell 23% in the third quarter to KRW 77,965 million ($55.0 mm) from KRW 101,896 million, while consolidated revenue rose to KRW 1,125,415 million ($793.8 mm) from KRW 1,088,201 million, up 5% in constant currency. Acushnet’s booming golf business accounted for KRW 917,583 million of total top line and most of net income. Consolidated gross margin was up 230 basis points to ... Log in to view full article.
