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Article Date: August 2018
Word Count: 400

Asics Slips on Double-Digit U.S. Decline


Comprehensive net loss was ¥1,271 million ($11.6 mm) in the first half against a profit of ¥1,246 million on a 5% revenue decline to ¥192,776 million ($1,766.9 mm) from ¥203,735 million largely due to weakness in the U.S. market. Excluding comprehensive items, income attributable to the shareholders was off 71% to ¥3,420 million. Footwear sales declined 5% to ¥161,200 million, but Onitsuka Tiger was a bright spot jumping more that 30%. Apparel was off 8% to ¥21,800 million and equipment sales were flat at ¥9,600 million. Direct-to-consumer through owned retail and e-commerce accounted for ¥46,000 million, or 24% of sales ... Log in to view full article.

 


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