Zett’s Top Line Grows as Wholesale Expands
The bottom line improved to ¥259 million ($2.4 mm) in the fiscal first quarter ended June 30, from a loss of ¥345 million last year, on a 78% surge in revenues to ¥11,431 million ($104.5 mm) against ¥6,410 million. Gross margin increased 30 basis points to 19.8%, while SG&A returned to a more normal 18.4% of revenues from 25.0% in the pandemic-hit quarter last year. The retail ... Log in to view full article.