Anta announces performance in Q1, FILA shows positive y-o-y growth

On April 12, Anta Sports released the latest operating performance for the first quarter of 2023. During the period under review, the retail sales of Anta brand products (calculated by retail value) register mid-single-digit growth year-on-year, the retail sales of FILA brand products (calculated by retail value) recorded a high single digit growth, and the retail sales (calculated by retail value) of all other branded products recorded a positive growth of 75-80% year-on-year.

On March 21, Anta Sports released the 2022 annual performance announcement. The company’s revenue was 53.65 billion yuan, a year-on-year increase of 8.8%, with a slower growth rate versus 2021. The profit attributable to shareholders (including the share of joint venture profits) ) was 7.59 billion yuan, a year-on-year decrease of 1.7%.

Looking at the 2022 revenue of the first echelon of domestic sports shoes and apparel brands, Anta's annual revenue exceeded Nike China's 7.165 billion US dollars for the first time (converted to 51.422 billion yuan according to the exchange rate at the end of the reporting period), followed by Li Ning at 28.503 billion yuan.

Regarding revenue growth, Anta said that in 2022, the company's offline retail business was adversely affected by a significant decline in passenger flow and weakening consumers' willingness to consume, which dragged down the growth of retail business. But at the same time, the company expanded its online channels to drive sales, which offset the suspension of some brick-and-mortar stores.