Misto Holdings, formerly Fila, delivered stronger third-quarter results as its North America restructuring began to take hold, helping lift profitability across its sportswear and golf businesses.
The company reported consolidated revenue of $741.2 million and operating profit of $89.8 million, up 3.7 per cent and 41 per cent year-over-year.
Acushnet, which includes Titleist and FootJoy, recorded $617.4 million in revenue, up 7.5 per cent year-over-year. Growth was driven by strong demand for Titleist’s Pro V1 and Pro V1x golf balls and rising interest in the Pro V1 Left Dash model.
Meanwhile, the Misto segment generated $123.1 million in revenue for the quarter.
Fila continued its brand repositioning, launching the Echappe series in Korea; while earlier this month the brand opened a new experience center in Biella, Italy.
The company added that restructuring measures implemented in North America late last year significantly reduced losses and strengthened consolidated profitability.
CFO Ho Yeon Lee said, despite challenges, the company was able to maintain stable performance in the third quarter, supported by disciplined operations and solid brand fundamentals.
“The fourth consecutive special dividend demonstrates our ongoing commitment to transparent, shareholder-friendly management and long-term value creation.”
The company rebranded from Fila Holdings to Misto Holdings earlier this year to reflect its broader global brand portfolio and strategic direction under the slogan “Redefining Boundaries.”