Globe Int’l Sees Strengthening in H2
The FXD and Salty Crew parent said that revenue and profitability both improved in the fiscal first quarter ended Sep. 30, in a presentation at its Annual Meeting, but that the remainder of FH1 will see margins facing downward pressure. The second half is expected to rebound and post a favorable year-over-year comparison. Globe sees a similar trend in North America from U.S. tariff headwinds, with impacts already hitting the P&L in the final quarter of FY25. The most significant impact is expected to play out in H1 before mitigation efforts ... Log in to view full article.