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Article Date: November 2023
Word Count: 186

Alpen Net Improves in Sep. Quarter

Net income at the Japanese retailer increased 56% in the fiscal first quarter ended Sep. 30 to ¥245 million ($1.7 mm) from ¥157 million, as revenue inched up 4% to ¥59,049 million ($408.8 mm) from ¥56,891 million. Gross margin contracted 120 basis points to 38.1%, while SG&A was 3% higher, deleveraging slightly as a percent of sales. Comp store sales were a mixed bag with golf inching down 2% to ¥21,819 million due to unseasonably warm weather and falling sales compared to the pandemic-fueled ... Log in to view full article.


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