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Article Date: February 2024
Word Count: 561

Asics’ 2023 Profits Jump as Sales Grow Double Digits


Results slowed in the final quarter after a blazing start to the year for the Japanese sportswear brand, as revenues inched up 1% to ¥122,358 million ($827.9 mm) from ¥121,533 million, anniversarying the flood of inventory after supply chain constraints ended in the fall of 2022. Net loss expanded to ¥5,008 million ($33.9 mm) from a loss of ¥3,358 million a year ago. North America was down 10% to ¥26,818 million ($181.4 mm), and Japan and Europe were also lower, while Greater China, Oceania, and SE and S Asia all grew ... Log in to view full article.

 


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