Authentic Fitness Corp., a Van Nuys-based marketer of swimwear and active wear, reported profit and revenue gains for its fiscal first quarter, which it attributed to the growth of its Speedo brand and retail stores.
In the three months ended Oct. 1, Authentic Fitness earned $2.07 million, a 14% increase from the $1.81 million profit of a year earlier. Revenue grew to $37.6 million, up 31% from $28.6 million.
The company also said that Bally's Health and Tennis Corp. has given it the exclusive right to open Speedo Authentic Fitness stores in Bally's fitness centers.
Bally's has about 350 health clubs in the United States and Canada. The first store will open in Bally's Vertical Club in New York in December.
Authentic Fitness operates 30 retail stores and plans to open another 20 by the end of the year.
In addition to Speedo, Authentic Fitness markets swimwear under the Oscar de la Renta, Catalina and Cole of California brands. It also sells White Stag ski wear and active wear, and Edelweiss and Mountain Goat ski wear.