Results slowed in the final quarter after a blazing start to the year for the Japanese sportswear brand, as revenues inched up 1% to ¥122,358 million ($827.9 mm) from ¥121,533 million, anniversarying the flood of inventory after supply chain constraints ended in the fall of 2022.

Newell’s Outdoor & Recreation segment, which includes Coleman, Contigo, Campingaz, Marmot and other brands, saw revenues decline 22% to $165 million in the final quarter, compared to $211 million last year.

The bottom line swung to a profit of SEK 24 million ($2.3 mm) in the fourth quarter against a loss of SEK 16 million as revenues inched down 5% to SEK 1,566 million ($146.9 mm) from SEK 1,651 million.

Net income jumped eleven-fold in the Japanese distributor and equipment maker’s fiscal third quarter ended Dec. 31 to ¥108 million ($0.7 mm) from ¥9 million, on revenues that inched up 1% to ¥11,890 million ($80.4 mm) from ¥11,784 million.

December retail imports at U.S. container ports increased 8% to 1.87 Twenty-Foot Equivalent Units, falling a bit short of already revised down projections from the NRF and Hackett Associates.