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Article Date: May 2024
Word Count: 331

Fila Improves in Q1 as Market Resets Make Progress


A big first quarter from Acushnet bolstered Fila’s top and bottom lines, including a 4% increase in net income to KRW 123,330 million ($92.8 mm) from KRW 118,257 million, and 7% higher sales of KRW 1,182,623 million ($889.9 mm) up from KRW 1,108,599 million. Constant currency, sales would have been up 3%. Global royalties dwindled, however, dropping 11% to KRW 16,903 million and declining in every geography, with the important EMEA market taking the biggest hit due to the war in Ukraine and inflationary pressures.

 

Fila U.S.A. bounced back after several weak ... Log in to view full article.

 


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