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Article Date: May 2023
Word Count: 419

Fila Cuts Guidance after Difficult Q1

Another strong result from Acushnet and rising sales in China through the JV with Anta Sport partially offset weakness everywhere else for Fila Holdings, but consolidated net profit was still down 4% to KRW 118,257 million ($92.8 mm) in Q1 from KRW 123,092 prior. Revenues grew 3% in the quarter but with much of that coming from the U.S., constant currency revenues declined 6%. Licensing royalties were mixed, with North America down 13% due to excess inventory at retailers, Asia improving 27% on the recovery in Japan, EMEA up 8%, South ... Log in to view full article.


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