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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.

 

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