Sports Gear Co., a major supplier to Adidas and Nike, reported a 58.1% surge in first-quarter profit to NT$536 million (US$16.3 million) as the shoemaker defied mounting US tariff concerns.
The Taiwan-listed company saw quarterly revenue climb to NT$6.01 billion (US$183 million), a 49.8% increase from a year earlier and 15.4% from the previous quarter, setting a new quarterly record. Earnings per share reached NT$2.71, up from NT$1.73 in the same period last year.
Sports Gear maintained its 20.2% gross margin despite inflationary pressures, with operating profit more than doubling year-on-year to NT$612 million. The manufacturer emphasized that current orders weren’t driven by clients rushing to avoid potential tariff hikes.
“Brands haven’t requested any shipment holds or order cancellations,” a company spokesperson said, noting that first-half orders remain secure while second-half forecasts appear stable. The firm, which produces athletic footwear at six factories across Vietnam and Cambodia, indicated that governments in its manufacturing bases had already extended goodwill gestures to the Trump administration.
The company, which produces one in every five football shoes globally, highlighted that its focus on performance footwear (80% of production) over casual styles (20%) provides resilience during challenging market conditions.
