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Article Date: May 2023
Word Count: 286

Descente Posts Solid Full-year Gains


Net income slipped 70% in the final fiscal quarter ended Mar. 31 to ¥378 million ($2.9 mm) from ¥1,277 million a year ago, as revenues increased 7% to ¥34,515 million ($260.7 mm) from ¥32,211 million. China jumped more than fourfold to ¥4,026 million, while the larger home market improved 5% to ¥12,819 million, but South Korea was down 3% to ¥16,918 million. The growth was driven by athletic wear, up 19%, as golf and other apparel declined. The core Descente brand slipped 8% and Munsingwear was off 9%, but Le Coq ... Log in to view full article.

 


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