Alpen Gets World Cup Boost in FQ1
Net income more than doubled to ¥1,559 million ($9.8 mm) from ¥606 million, on a 10% net sales gain to ¥71,830 million ($451.2 mm) from ¥65,424 million in the fiscal first quarter ended Sep. 30. The Japanese retailer’s gross margin expanded 10 basis points to 40.3%, while SG&A grew 5% in yen, but leveraged 180 b.p. to 37.5% of sales on the higher top line. General Sports led the way with 20% growth in FQ1 to ¥22,330 million, with soccer boosted by ... Log in to view full article.
