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Article Date: August 2022
Word Count: 389

Asics Raises Guidance as Supply Improves

Net income jumped 158% in the second quarter to ¥4,812 million ($37.1 mm) from ¥1,865 million last year, as revenues increased 16% to ¥119,751 million ($923.3 mm) from ¥102,929 million. Global e-commerce revenue is up over 18% year-to-date, and the number of OneASICS members hit 6.2 million, a 0.8 million increase since the beginning of the year. Gross margin contracted by 160 basis points to 49.2%, while SG&A was up 16% in yen but still leveraged 10 b.p. on the higher sales.


North America grew by 12% to ¥27,368 million ($211.0 mm), ... Log in to view full article.


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