March 24, 2017
Little Foot recorded a $9,471,000 loss against income of $4,036,000 in last year’s final quarter ended Feb. 25 on flat sales at $557,452,000 compared to $559,845,000, as the chain suffered a $21,771,000 after tax loss on the disposal of JackRabbit during the period compared to a $4,723,000 loss the prior year from the running specialty operation.
Net income jumped 37% to $534,560,000 from $390,183,000 for the FY ended Dec. 31 as sales rose 1% to $8,480,558,000 from $8,434,915,000. The manufacturing segment had a sales decline of 2% to $6,039,334,000 from $6,136,737,000 while the retail operation’s sales gained 6% to $2,442,224,000 from $2,298,178,000.
The Big Cat, clearly emboldened by its recent momentum in the fashion market and delivering on its promise to also invest in performance, is said to be nearing a new five-year deal with Marseille that will pay the club €14 million per year, according to L’Equipe.
It makes Anta the only company in China licensed to use Chemours’ Teflon EcoElite for branded sportswear products using water repellant treatments with non-fluorinated technologies.