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Article Date: March 2024
Word Count: 450

Fila Ends 2023 with another Loss


Red ink totaled KRW 60,139 million ($46.0 mm) in the final quarter against a profit of KRW 136,164 million prior, on 15% lower revenues of KRW 760,830 million ($582.6 mm) from KRW 896,740 million that would have been down 12% constant currency. Unusually, Acushnet contributed to the top- and bottom-line weakness, rather than offsetting the struggling Fila branded business. The majority-owned golf company swung to a $26.1 million loss from a profit of $53.3 million, on an 8% sales decline to $413.0 million from $447.4 million in the quarter. Global royalty ... Log in to view full article.

 


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