The final quarter net loss narrowed to ¥3,358 million ($23.7 mm) from a loss of ¥9,671 million prior, as sales soared 48% to ¥121,533 million ($859.5 mm) up from ¥81,875 million in 2021 when the top line was hurt by Vietnam’s Covid-related factory closures. Revenues in North America jumped 47% to ¥30,228 million ($213.8 mm), and all geographies grew double digits in Q4. Likewise all footwear categories had a huge improvement on the easy comparison to Q4 ’21, with only apparel & equipment down, declining just 1%. Gross margin was up 160 basis points to 48.7%, as SG&A grew by ... Log in to view full article.