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Article Date: February 2017
Word Count: 226

Mizuno Continues to Struggle in Q3


Net loss was ¥584 million ($5.3 million) vs. a profit of ¥806 million in the fiscal third quarter ended Dec. 31, on a 7% decline in revenues to ¥43,259 million ($395.4 million) from ¥46,712 million. Gross margin contracted 190 basis points to 37.9% in the quarter. Americas sales plunged 34% to ¥5.4 billion ($49.6 million) with the U.S. hurt by the weak running specialty market and the residual effects of last year’s retail bankruptcies. The home Japan market eked out a 1% sales gain to ¥29.6 billion. EMEA slipped 7% to ¥3.2 billion and Asia/Oceania dropped 13% to ¥5.1 billion ... Log in to view full article.

 


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