The frail yen, combined with strong brand momentum worldwide, drove Asics to another record second quarter, growing revenue 36% to ¥264,218 million ($1,658.1 mm) from ¥194,485 million, with a better-than-30 % improvement in every global market outside Japan. Net income jumped 62% to ¥35,602 million ($223.4 mm) against ¥21,959 million, boosted by 240 basis points of gross margin expansion to 60.1%. About 80 b.p. of that came from $28 million in IEEPA tariff refunds. Asics held the line on operating expenses, with SG&A growing 31% in yen, but easily leveraging 130 ... Log in to view full article.