Anta's strong FY23 performance sets the stage for continued growth in FY24, with expectations of 10-30% YoY brand growth. Anta can be seen as a sportswear brand incubator with premium valuations.
Boomeranged on Wed, 17 Apr 2024 18:17
Anta's 1Q24 sales were lower than the full-year target, with ANTA brand up mid-single digit, FILA brand up high-single digit, and other brands up 25-30%. In the management call, the company expects their momentum to pick up in the rest of the year. The sales trend has also strengthened since the middle of Mar.
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