Net Income in the Japanese sporting goods company’s first fiscal quarter increased 24% to ¥322 million ($2.5 mm) from ¥259 million last year, as revenues increased 7% to ¥12,241 million ($94.4 mm) against ¥11,430 million. Gross margin contracted by 30 basis points to 19.6%, and SG&A was down 2%, leveraging 210 b.p. on the top line growth. The retail environment has normalized this quarter due to less people being infected with Covid, and team orders remained ... Log in to view full article.