May 12, 2023
Net income attributable to shareholders increased 29% in the final fiscal quarter ended Mar. 31 to ¥2,088 million ($15.8 mm) from ¥1,619 million as revenues grew 35% to ¥64,642 million ($488.2 mm) from ¥47,893 million.
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.
The Italian fitness equipment specialist’s consolidated revenues increased 15% in the first quarter to €175 million on continued growth of the B2B (commercial) segment, which includes the return of the Club segment above the revenue levels in 2019.
BIRD co-founder and co-CEO, Tim Brown, will transition from the role into chief innovation officer, which is a non-executive role, according to an SEC filing.
Entities affiliated with Bertram Capital and Neuberger Berman are offering 11,304,348 shares of DTC’s Class A common stock priced at $5.25 per share, with an additional 1,695,652 shares available if there is demand.