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Article Date: February 2024
Word Count: 215

Fenix Struggles in Q4


Revenues at the Swedish outdoor company’s brands division, which includes Fjällräven, Royal Robbins, Brunton and other brands, declined 15% to €47.3 million ($50.9 mm) in Q4 from €55.4 million. The weak dollar coupled with bloated channel inventories and sluggish retail trade sent Americas sales down 13% to €23.3 million ($25.1 mm). Operating profit swung to a loss of €1.5 million ($1.6 mm) from a profit of €4.6 million. Fjällräven is still experiencing high inventory levels at retail, however, the DTC channels are showing signs of growth despite the tough quarter. The ... Log in to view full article.

 


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