Authentic Fitness Posts 5% Increase in Profit
- Share via
Authentic Fitness Corp., a Van Nuys maker of swimwear and active wear, reported a $2.18-million profit for its fiscal first quarter that ended Sept. 30, a 5% increase.
A year earlier, Authentic Fitness earned $2.07 million. Its revenue grew 14% in the latest quarter, to $42.9 million from $37.6 million.
The company said the rise in net income was achieved despite higher interest, working capital and retail expansion costs. It said the gain reflected strong sales of its Speedo brand swimwear and at its growing chain of Speedo Authentic Fitness retail stores.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
