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Article Date: February 2023
Word Count: 178

Descente Profit Doubles in Holiday Quarter


Net income more than doubled to ¥5,040 million ($35.6 mm) in the fiscal third quarter ended Dec. 31, against ¥2,465 million prior, on revenues that grew by 8% to ¥28,889 million ($204.3 mm) from ¥26,755 million. An 11% improvement in South Korea to ¥12,719 million and a 35% jump in China to ¥1,432 million more than offset a 5% contraction in the home Japanese market to ¥14,248 million. The company’s largest brands, Descente and Le Coq Sportif, each improved by ... Log in to view full article.

 


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