Asics Soars in Q3, Sees 2025 Surpassing 2026 Targets
Double-digit revenue growth in every region save North America powered a 21% top-line improvement to ¥222,257 million ($1,506.8 mm) in the third quarter from ¥183,255 million, with profits up 44% to ¥32,708 million from ¥22,721 million. E-commerce sales inched up 1% to 34.2 billion and are 10% higher for the year. Gross margin expanded 110 basis points to 56.1% as the product mix improved to more high-margin styles, more than offsetting currency headwinds from the weak yen. SG&A was 15% higher due to rising personnel and advertising expenses, but still leveraged ... Log in to view full article.