Net income at the Chinese sportswear brand increased 40% to RMB 589.1 million ($89.0 mm) from RMB 421.7 million on revenue that was up 37% to RMB 5,683.6 million ($859.1 mm) from RMB 4,134.9 million. By category, Footwear sales improved 30% to RMB 3,378.8 million, while apparel gained 51% to RMB 2,186.5 million and accessories grew 48% to RMB 117.3 million. Gross margin expanded 20 b.p. to 42.0% on favorable product and channel mix shifts. SG&A was up 35% in RMB while leveraging 40 b.p. to 30.0% of sales. Costs were ... Log in to view full article.