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Article Date: August 2019
Word Count: 454

Asics North American Sales Improve in Q2


Comprehensive net loss was ¥3,600 million ($32.8 mm) against income of ¥5,080 million in the second quarter, pulled down by a big negative swing in foreign exchange translation adjustments, on revenues that inched higher to ¥88,496 million ($805.2 mm) from ¥88,134 million. Excluding comprehensive items, net income was ¥1,139 million against a loss of ¥1,895 million last year. Gross margin contracted 10 basis points to 48.5%, and SG&A was down ¥2.4 billion, or 290 basis points as a percent of sales, benefitting from the past year’s restructuring. Looking ahead at the full year, it maintained its revenue guidance for ¥390 ... Log in to view full article.

 


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