Zett Swings to Loss in Seasonally Small Third Quarter
Net loss was ¥114 million ($1.0 mm) in the fiscal third quarter ended Dec. 31 against a profit of ¥51 million as sales at the sporting goods wholesaler and manufacturer declined 7% to ¥9,402 million ($86.5 mm) from ¥10,110 million. Gross margin was 40 basis points higher at 18.7%, but SG&A deleveraged 180 b.p. on the lower top line and higher ... Log in to view full article.
