March 21, 2022
Net income slipped 4% to $1,396 million in the fiscal third quarter ended Feb. 28 from $1,449 million last year, but revenues improved 5% to $10,871 million from $10,357 million and were up 8% constant currency.
Acushnet’s loss pulled parent Fila Holdings’ bottom line KRW 8,066 million ($6.8 mm) into the red in the final quarter, against a profit of KRW 17,604 million prior, despite an 8% improvement in revenue to KRW 859,258 million ($726.1 mm) from KRW 796,462 million.
The retailer saw a top line result of $1.80 billion for its 2021 fiscal year, up 14% over $1.59 billion in 2020, on a continued boost to outdoor lifestyle during the pandemic and all-time record demand for men’s and women’s apparel.
Net income attributable to shareholders of the Taiwanese footwear maker slipped 7% last year to NT$4,541.8 million ($163.0 mm) from NT$4,878.9 million, on 2% higher revenues of NT$70,349.9 million ($2,524.4 mm) up from NT$68,959.7 million.
Net loss widened 84% to $2,370,214 from $1,291,086 on a 2% sales increase to $4,201,745 from $4,123,648 for the fiscal third quarter ended Jan. 31.
Big Foot named the former toy company president of branded entertainment, Samantha Lomow as president of global brands, under EVP and COO Frank Bracken.