November 10, 2023 Asics Outperforms Again in Q3, Raises FY Guidance
The Japanese sportswear brand’s strong momentum continued through Q3, with net income jumping 60% to ¥15,484 million ($107.2 mm) from ¥9,683 million, as revenues grew 15% to ¥158,026 million ($1,093.6 mm) from ¥137,988 million. Yue Yuen Manufacturing, Retail Slips in October
Yue Yuen’s manufacturing segment continued its downward trend, as revenue slipped 19% last month, to an implied $420,071,000 from $518,098,000 last year. Yonex Profits Slump, but Sales Remain Strong in Q2
Profits were down 23% in fiscal Q2 ended Sep. 30 to ¥1,972 million ($13.6 mm) from ¥2,570 million, as revenues increased 13% to ¥29,733 million ($205.8 mm) from ¥26,398 million last year. Dunlop Sports Sales’ Grow on Strength of Overseas Markets in Q3
Sumitomo Rubber’s sports division sales inched up 3% in Q3 to ¥29,107 million ($201.4 mm) from ¥28,388 million last year, generating operating profit of ¥2,465 million ($17.1 mm), up 20% from ¥2,048 million. Garmont Names Andrea Nalesso CEO
The former Geox, Oberalp Group and Dainese executive takes the reins at Garmont International from Pierangelo Bressan, who remains as board chairman. Etcetera: VF Corp., Skechers, True Spec Golf, Golftec
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