FILA parent Misto Holdings posted 19 percent operating profit growth in Q1 2026, with double-digit Greater China expansion compensating for a managed contraction in the US as the group repositions its geographic mix.
Misto Holdings Corp. reported first-quarter 2026 revenue of KRW 1,289 billion (approximately €859 million), up 4.2 percent year-over-year, according to a regulatory filing published May 15. Operating profit rose 19.0 percent to KRW 193.7 billion (approximately €129 million), the group’s strongest first-quarter operating result in at least four years.
Net income fell 3.5 percent to KRW 146.1 billion (approximately €97 million), reflecting higher tariff costs and restructuring charges in the US. Gross margin edged up to 52.9 percent from 52.2 percent a year earlier.
The Seoul-based group, formerly FILA Holdings before rebranding in April 2025, operates two main divisions: the Misto segment, which includes FILA sportswear and a portfolio of K-fashion labels, and the Acushnet golf equipment business. The company cited stronger brand competitiveness and operational efficiency improvements, while pointing to weaker consumer sentiment and slowing global growth as continuing headwinds.
| Misto Holdings Corp. — Consolidated Income Statement | |||
| Q1, ended March 31 (€ millions)* | |||
| 2026 | 2025 | Change | |
| Revenue | 859 | 825 | 4.2% |
| Gross profit | 455 | 431 | 5.5% |
| Operating profit | 129 | 108 | 19.0% |
| Net income | 97 | 101 | -3.5% |
Source: Misto Holdings Corp. regulatory filing, May 15, 2026. *Converted from KRW at [RATE], May 18, 2026. All figures in € millions, rounded to nearest whole million.
Acushnet revenue rises as tariffs and restructuring weigh on other operations
The Acushnet division, which includes golf brands Titleist, FootJoy, Scotty Cameron, Vokey Design and KJUS, reported quarterly revenue of KRW 1.1 trillion (approximately €743 million), up 8.0 percent year-over-year.
The Misto segment posted quarterly revenue of KRW 185.8 billion (approximately €126 million). Reported segment revenue fell year-over-year due to the ongoing restructuring of the US business, while revenue excluding US operations increased 3.8 percent, the company said.
Greater China and K-fashion brands post double-digit growth
Within the Misto segment, the company said Greater China delivered double-digit revenue growth during the quarter, remaining the division’s largest regional contributor.
The group pointed to continued momentum in FILA’s lifestyle offer. It highlighted new footwear launches tied to the Echappe franchise and the debut of the GLIO range. In apparel, it said the Knit Track line recorded about 74 percent sales growth in the first 12 weeks of the 2026 Spring/Summer season compared with the equivalent period of the prior Fall/Winter season.
K-fashion labels including MARITHÉ+FRANҪOIS GIRBAUD, Matin Kim, Rest & Recreation and RAIVE also expanded across Mainland China and Hong Kong, with the company citing tourism linked to K-pop events as a supportive factor.
