Following yesterday’s announcement of relatively modest 2025 expectations, the Big Cat revealed that its Holiday quarter was largely successful, tallying a 15% increase in revenues to €2,289.4 million ($2,435.5 mm), up from €1,982.2 million, or around 10% on a constant currency basis.

The company’s 10K raised “substantial doubt” on its ability to continue as a going concern, with all factors calling back to its ability to remain in compliance with financial covenants as FY 2024 closed with cash and cash equivalents of $12.0 million against total debt outstanding of $150.7 million.

Net loss narrowed 34% to $13,664,000 from $20,552,000 for the fourth quarter on sales that were down 15% to $147,288,000 from $173,020,000, lapping an additional $5.7 million in sales from the 53rd week last year.

Net income increased 17% to BRL 169,220,000 ($29.1 mm) from BRL 144,705,000 in the fourth quarter as sales were up 15% to BRL 905,719,000 ($155.5 mm) from BRL 791,289,000.

Net income attributable to shareholders at the Chinese sportswear brand shot up 19% to RMB 1,148.6 million ($159.5 mm) last year, over RMB 961.4 million.

Declining international orders from global brands, including Nike and Adidas, is having a significant impact on Indonesia’s footwear industry.

GIL is issuing C$700 million of senior unsecured notes in three series, with the proceeds going to repay outstanding borrowings under its credit facilities and for other corporate purposes.

The BSN Sports and Varsity Spirit parent has received a strategic investment from NY-based private investment firm, Patricof Co whose clients are professional athletes.

A NY district court judge ruled on two separate suits involving Fanatics and its collectibles rival, Panini, partially denying and granting each company’s motions.