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Article Date: March 2024
Word Count: 171

Coats Group Bounces Back


The industrial yarn and footwear component supplier’s bottom line swung to $56.5 million in income from last year’s loss of $14.7 million last year, despite 9% lower sales of $1,394.2 million against $1,537.6 million. Apparel was down 16% to $689 million from $818 million, but the decline would have been 12% at constant currency. The drop reflects the continuation of widespread industry destocking, however, Coats has seen improving trends through the year and believes that period ... Log in to view full article.

 


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