Net income attributable to shareholders jumped 35% to RMB 10,236 million ($1,444.9 mm) in 2023 from RMB 7,590 million on net sales that increased 16% to RMB 62,356 million ($8,802.4 mm) from RMB 53,651 million.

Net income was flat last year at the Chinese apparel maker at RMB 4,557,263,000 ($630.2 mm) compared to RMB 4,563,165,000 on revenue that declined 10% to RMB 24,969,792,000 ($3,452.7 mm) from RMB 27,781,412,000.

Strength in military and law enforcement firearm sales more than offset weak commercial sales last year and contributed to a strong finish for the parent of Colt and CZ, growing sales 13% in Q4 to record CZK 4,945,035,000 ($216.9 mm) from CZK 4,369,871,000.

The fashion and technical performance apparel brand’s net income dropped 63% to $1,204,000 from $3,267,000 in the fiscal third quarter ended Dec. 31, on 21% lower revenues of $12,726,000 down from $16,146,000.

GOOS will cut approximately 17% of its corporate roles as part of the company’s ongoing transformation program aimed at achieving strategic objectives, while saving costs.

Think Better Group, which recently acquired the drinkware and food container brand, promoted CFO and head of finance, Gordon Smith to the top job.