Net income inched up to €611,931,000 ($661.5 mm) from €606,697,000 on revenues that increased 15% to €2,984,217,000 ($3,226.2 mm) over €2,602,890,000 for FY ‘23, led by the Moncler brand which improved 17% to €2,573,159,000.

Compass Diversified’s tactical apparel brand was the only one of its sporting goods brands to grow in 2023, posting a 10% revenue improvement to $533,089,000 from $486,213,000, and generating 9% higher adjusted EBITDA of $73,605,000 against $67,785,000.

Net income inched up 3% to $6,712,000 in Q4 from $6,515,000 on sales that were down 9% to $125,952,000 from $138,926,000 but with sequential improvement and the lowest year-over-year declines of 2023.

The TJX-owned outdoor retailer grew its footprint to 2.0 million sq. ft. last year from 1.6 million at the end of 2022, ending the year with 95 retail locations in addition to its e-commerce site.

The Los Angeles-based bike apparel brand is liquidating remaining inventory and evaluating options for selling the brand, after 20 years in business.

A MD district court judge ruled that the class action on behalf of shareholders can move forward, denying Under Armour’s motions to dismiss the case.