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August 13, 2024 Asics Continues to Outperform, Growing 22% in Q2
Continuing its strong momentum from the first quarter, Asics’ net income jumped 82% to ¥15,482 million ($99.3 mm) from ¥8,486 million, as the top line increased 22% to ¥168,097 million ($1,078.2 mm) from ¥137,782 million, getting a big boost from the weak yen. On Running’s Sales Accelerate in Q2
Net income bounced back to CHF 30.8 million ($34.2 mm) from CHF 3.3 million for the second quarter as the company lapped major ForEx headwinds, with the top line gaining 28% to CHF 567.7 million ($630.1 mm) from CHF 444.3 million. Giant Improves Sequentially as China Booms
The large Taiwanese bike maker’s profit attributable to shareholders slipped 2% in the second quarter to TWD 1,152.5 million ($35.6 mm) from TWD 1,181.9 million, on 6% lower revenues of TWD 21,166.1 million ($654.7 mm) down from TWD 22,464.1 million. Dunlop Sports’ Profit Soars in Q2
Revenues at Sumitomo Rubber’s sports division grew 7% in the second quarter to ¥34,865 million ($223.6 mm) from ¥32,681 million a year ago, as operating profit nearly tripled to ¥2,741 million ($17.6 mm) from ¥976 million. Crocs’ Debt Upgraded by S&P Global
The ratings agency upgraded the issue-level ratings on CROX senior unsecured notes to BB from BB- and also affirmed its BB issuer credit rating and BBB- term loan rating. PTAB Agrees to Review Flyknit Patent
The Patent Trial and Appeal Board has agreed with the Lulunatics and will review all claims related to the Nike’s Flyknit patent, which cover various aspects of knitted textile uppers, to determine if they are invalid. Etcetera: Scott USA, Dick’s, Fanatics, Skechers, Escalade, Fitbit, Peloton
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