Misto Holdings, parent of Fila, Titleist and FootJoy, has reported sales growth for the fourth quarter, as the company restructured its US business.
The South Korea-headquartered company saw revenue increase 6.3 per cent year-on-year to KRW915.2 billion (US$612 million) during the quarter. It previously reported a 3.7 per cent sales uplift in the third quarter.
Management said the growth was delivered despite ongoing macroeconomic uncertainty, thanks to profitability-focused operations, the results of restructuring, and strong performance at Acushnet.
The Misto segment, which includes Fila and other lifestyle brands, recorded a 9.6 per cent decrease in revenue, mainly due to the restructuring and inventory clearance in the US market. Operating profit, however, improved to KRW74.7 billion, marking a significant turnaround from the previous year.
The Greater China market emerged as a new growth driver, as the company expanded its presence with leading K-fashion brands. In Korea, Fila continued to see steady demand in its footwear franchise models.
The Acushnet segment posted sales growth of 10.9 per cent, supported by strong sales of golf equipment such as Titleist T-Series irons and SM10 wedges, along with higher average selling prices for FootJoy golf shoes.
For the full FY25, the company’s consolidated revenue grew 4.7 per cent to KRW4.47 trillion, and operating profit soared 31.6 per cent to KRW 474.8 billion.
“Last year was a meaningful year in which we further clarified our identity as a global brand portfolio company following our corporate name change,” said Ho Yeon (Aaron) Lee, CFO of Misto Holdings.
“Based on the expansion of our Greater China business, improved profitability in the Misto segment, and Acushnet’s solid growth, we strengthened the stability of our earnings,” he added.
