Xebio Q1 Boosted by Golf, Apparel
Net income at the multi-banner Japanese retailer grew 13% to ¥2,897 million ($26.6 mm) from ¥2,568 million in the fiscal first quarter ended Jun. 30 as sales inched up 1% to ¥61,338 million ($562.2 million) from ¥60,711 million. Gross margin narrowed 80 basis points to 40.3%, but that was more than offset by reductions in SG&A resulting in the bottom line gain. Golf sales ... Log in to view full article.
