Plunging equipment and apparel sales pulled the top line down to $58,567.2 million from $59,509.8 million in the Holiday quarter at the 54 public companies we track, but better profits in the footwear and retail sectors boosted aggregate net income to $2,757.3 million from $2,507.0 million.

Net loss ballooned at the diversified brand owner, retailer and real estate owner to HK$213,966,000 ($27.4 mm) for the 2023 fiscal year ended Dec. 31 from a loss of HK$88,961,000 on revenue that was up 8% to HK$304,725,000 ($39.0 mm) from HK$279,153,000.