Preview - Please log in to view full article.

Article Date: May 2022
Word Count: 446

Asics Boosted by North America in Q1

Profit attributable to shareholders slipped 17% in the first quarter to ¥8,725 million ($75.1 mm) from ¥10,485 million last year, as revenues inched down 1% (-6% constant currency) to ¥105,329 million ($906.4 mm) from ¥106,549 million. Sales were ahead of plan, Asics said, despite product shortages due to the Q3 factory shutdown in Vietnam that have impacted most sneaker brands. E-commerce sales were up 13%, helped by the membership program that has now expanded to 5.8 million customers, led by a 27% increase in North America and an 11% gain in Greater China.


Sales in North America were a bright spot, ... Log in to view full article.


Already a subscriber?

User Name:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.