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Article Date: February 2024
Word Count: 204

Globe International Bounces Back

The bottom line swung to A$4,907,000 ($3.2 mm) in profit for the fiscal first half ended Dec. 31, from the prior year’s A$193,000 loss, despite revenue that was down 10% to A$107,960,000 ($70.3 mm) from A$120,452,000. The profit improvement came from a strong turnaround in both North America and Europe. Reduced clearance activity, particularly in hardgoods, contributed to the lower top line, and excluding that, sales would have been down only 4%. Other categories had either flat or modest growth, including the important Salty Crew, FXD, and It’s Now Cool ... Log in to view full article.


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