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Article Date: October 2020
Word Count: 309

Topsports Results Slide on Coronavirus Impact


Net income attributable to shareholders slid 11% in the first half of FY21 ended Aug. 31 to RMB 1,309.1 million ($184.6 mm) from RMB 1,470.9 million on 7% lower sales of RMB 15,769.5 million ($2,224.2 mm) down from RMB 16,957.6 million. Nike and Adidas accounted for 87.9% of revenues in H1, the same share as last year, while other brands including Puma, Converse, Vans, The North Face, Timberland, Reebok, Asics, Onitsuka Tiger and Skechers were an aggregate 11.2% of the top line. The balance was from concessionaire fees and the nascent e-sports business. Retail operations contributed 82.5% of revenues, while ... Log in to view full article.

 


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