Faced with lower retail foot traffic and consumer sentiment in the fourth quarter, largely related to ongoing pandemic impacts in certain regions of China, Anta Sports reported “high-single-digit” negative growth for its Anta brand and “low teens” negative growth of Fila branded products. All other branded products sold by the company achieved “low teens” positive comparable sales growth compared to Q4/21.
For FY22, the group reported “low-single” digit growth for the Anta brand, “low-single” digit negative growth for Fila and a 20 to 25 percent increase in sales for all other brands. Throughout the year, Anta worked to enhance its e-commerce platform to help drive online sales to help offset the impact of shuttered brick-and-mortar stores due to the pandemic. Anta says it will report a record net operating cash inflow for 2022.
