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Article Date: August 2022
Word Count: 323

Fila Q2 Boosted by Acushnet, but Fila USA Falters

Net income slipped 16% in the second quarter to KRW 114,442 million ($90.8 mm) from KRW 135,750 million, bolstered by a strong result from Acushnet, as consolidated revenues increased 15% to KRW 1,171,903 million ($930.1 mm) from KRW 1,019,354 million. Excluding golf, Fila sales grew 8% to KRW 342,926 million. Guidance for total revenue of ±2% and operating profit of ±2% compared to 2021 remains unchanged. Acushnet sales and royalty income are now expected to be higher, but Fila USA’s revenues are now guided down 20% to 35% and the segment ... Log in to view full article.


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