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Article Date: November 2023
Word Count: 393

Asics Outperforms Again in Q3, Raises FY Guidance


The Japanese sportswear brand’s strong momentum continued through Q3, with net income jumping 60% to ¥15,484 million ($107.2 mm) from ¥9,683 million, as revenues grew 15% to ¥158,026 million ($1,093.6 mm) from ¥137,988 million. The results were better than expected, leading Asics to raise its full-year guidance again. Revenues are now seen coming in at ¥570,000 million, rather than ¥550,000 million, and net income is guided for ¥27,500 million, up from ¥25,000 million. North America was not included in the expanded optimism, however, as revenues here are still expected to grow ... Log in to view full article.

 


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