Australian multibrand clothing company Globe International’s sales jump 76%

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Globe International Limited, an Australian footwear and apparel manufacturer and designer, reported a 76% jump in sales to $ 266.5 million in the fiscal year ended June 30, 2021, compared to the previous year. The company’s earnings before interest and taxes (EBIT) increased from $ 7.3 million in FY20 to $ 46.7 million in the current year.

Globe International Limited, an Australian footwear and apparel manufacturer and designer, reported a 76% jump in sales to $ 266.5 million in the fiscal year ended June 30, 2021, compared to the previous year. The company’s earnings before interest and taxes (EBIT) increased from $ 7.3 million in FY20 to $ 46.7 million in the current year.

“It has been an exceptional year in many ways. We achieved a record performance over the year as our business benefited from a captive market for our products. Our consumers had government stimulus money to spend, but limitations on how to spend it due to restrictions in place around the world for much of the year, ” Matt Hill, CEO of Globe International Limited, said in a press release.

Globe International Limited, an Australian footwear and apparel manufacturer and designer, reported a 76% jump in sales to $ 266.5 million in the fiscal year ended June 30, 2021, compared to the previous year. The company’s earnings before interest and taxes (EBIT) increased from $ 7.3 million in FY20 to $ 46.7 million in the current year.

Sales growth was driven by the group’s four main brand pillars, namely FXD, Impala, Salty Crew and Globe hardgoods, according to the company. Together, these brands include all of the group’s main product categories: skateboards, clothing, footwear, workwear and roller skates.

Globe International Limited, an Australian footwear and apparel manufacturer and designer, reported a 76% jump in sales to $ 266.5 million in the fiscal year ended June 30, 2021, compared to the previous year. The company’s earnings before interest and taxes (EBIT) increased from $ 7.3 million in FY20 to $ 46.7 million in the current year.

Regionally, all divisions recorded sales growth of 50% or more in fiscal 2021. North America stood out, with a 141% increase in revenue, in part fueled by a shift to online sales. Across the Australian group, online sales were four times higher than in fiscal 20 and wholesale sales increased 63% for the year.

Globe International Limited, an Australian footwear and apparel manufacturer and designer, reported a 76% jump in sales to $ 266.5 million in the fiscal year ended June 30, 2021, compared to the previous year. The company’s earnings before interest and taxes (EBIT) increased from $ 7.3 million in FY20 to $ 46.7 million in the current year.

Additionally, after-tax net income for the year reached $ 33.3 million (EF20: $ 6.1 million).

Globe International Limited, an Australian footwear and apparel manufacturer and designer, reported a 76% jump in sales to $ 266.5 million in the fiscal year ended June 30, 2021, compared to the previous year. The company’s earnings before interest and taxes (EBIT) increased from $ 7.3 million in FY20 to $ 46.7 million in the current year.

Looking ahead, Hill said, “We don’t expect to see the kind of extraordinary sales and profitability growth we’ve seen in FY21, but we are optimistic about where our companies are heading. brands and their outlook for the coming year. Business conditions so far this fiscal year have been difficult, but performance has remained strong. “

Fibre2Fashion Information Office (JL)


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