Fila Holdings continues growth in Q2, boosted by US golf unit Acushnet
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
South Korean sports apparel firm Fila Holdings reported a jump in second-quarter profits, driven by robust performance from its golf equipment subsidiary and strong brand momentum abroad.
According to its recent earnings report Friday, its revenue rose 2.5 percent year-on-year to 1.18 trillion won ($887 million) in the April-June period. Its operating profit surged 52.4 percent to 140.15 billion won.
Its US subsidiary, Acushnet, in particular, reported 937.77 billion won in sales, driving up the company's overall earnings.
Its Titleist Pro V1 golf ball maintained a dominant 72 percent market share on major tours worldwide. The sustained growth in the US golf market also contributed to the robust performance, company officials say.
Despite its core business reporting a slight dip in quarterly revenue to 235.52 billion won, Fila said it remains committed to its long-term strategy. The company is particularly bullish on brand marketing, store renewals and key products to enhance brand value.
Fila recently launched the "Bellissimo" global campaign to showcase the brand’s unique blend of style and performance cultivated through its 113-year history. The brand has already been making waves in the sports world, with its sponsored athletes clinching titles at major events, including a women's singles victory at a prestigious Grand Slam tennis tournament last month. Fila-sponsored athletes also scored multiple medals at the recent Summer Olympics, further cementing the brand's global visibility.
Looking ahead, Fila plans to ramp up its sponsorship initiative across individuals, teams, and events to nurture sports talent and expand its global presence.
"Acushnet's premium offerings and Fila's market traction, especially in China, powered our stellar Q2 growth," said Fila Holdings Chief Financial Officer Lee Ho-yeon. "We're betting big on brand revitalization to spur an earnings comeback."
By Moon Ki-hoon(moonkihoon@heraldcorp.com)
Copyright © 코리아헤럴드. 무단전재 및 재배포 금지.