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Article Date: September 2020
Word Count: 228

Himaraya Bounces Back in Q4, but Has Loss for Year

The Japanese retailer swung to a ¥789 million ($7.3 mm) loss in the fiscal year ended Aug. 31 from a profit of ¥587 million in the prior year, on a 13% falloff in revenue to ¥57,721 million ($534.5 mm) from ¥66,560 million. Revenues bounced back in the final quarter with consumers returning to retail stores, growing an implied 5% year-over-year driven by strong sales of golf equipment and outdoor gear. For the year, golf was down 10%, outdoor was down 2% and ski and snowboard sales plunged 31%. Gross margin narrowed 40 basis points to 33.8%, mostly due to the ... Log in to view full article.


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