EarningsQ4 2023 Earnings Report
MX:ANTAN Q4 2023 EPS Results
Actual EPS$5.26
Consensus EPS$5.02
Beat/MissBeat by +$0.24
One Year Ago EPS$3.99
MX:ANTAN Q4 2023 Revenue Results
Actual Revenue$81.00B
Expected Revenue$88.01B
Beat/MissMissed by -$7.01B
YoY Revenue Growth+13.72%
Earnings Announcement Details
QuarterQ4 2023
Date03/26/2024
TimeBefore Open
Conference CallTuesday, March 26, 2024
MX:ANTAN Upcoming Earnings
ANTA Sports Products's next earnings date is estimated for March 24, 2027, based on past reporting schedules.
Q4 2023 Earnings Call Audio
MX:ANTAN Q4 2023 Earnings Call
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Q4 2023 Earnings Slide Deck
Q4 2023 Earnings Call Summary
Earnings Call Sentiment|Positive
ANTA Sports achieved record-breaking revenues and significant growth in operating efficiency and cash flow, demonstrating strong overall performance. However, challenges such as low consumer confidence and market share shifts were noted.Company Guidance
Record-Breaking Revenue and Growth
In 2023, ANTA Sports achieved the best results in its history with a revenue of CNY 62.3 billion, up 16% year-on-year. ANTA brand revenue exceeded CNY 30 billion for the first time, up 9%, while FILA's revenue was CNY 25.1 billion, up 16.6%, and other brands saw a 57.7% increase to CNY 6.9 billion.
Improved Operating Profit Margins
The operating profit margin for the group increased by 3.7 percentage points to 24.6% year-on-year, attributed to improvements in shop and area efficiency as well as merchandise inventory management.
Strong Cash Flow and Dividend Payout
Operating cash flow was CNY 19.6 billion, up 60% year-on-year. The company maintained a dividend payout ratio of 50.7%.
Amer Sports Performance
Amer Sports revenue in RMB terms reached CNY 31 billion, up 30% year-on-year, with EBITDA up 45%. Amer Sports' listing on the New York Stock Exchange will yield a one-off noncash gain of CNY 1.6 billion for ANTA.
Healthy Inventory and Working Capital Management
Inventory turnover days decreased by 15 days year-on-year, indicating efficient inventory management. The total inventory decreased while revenue increased by 16%.
ESG Achievements
ANTA reduced overall greenhouse gas emission intensity by 36% and water resource consumption density by 9%. The company improved its ESG ratings with MSCI rising to BBB.
MX:ANTAN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed