Tuesday December 5, 2023

Asics Second-Quarter Sales Climb 42.6%

Asics/Design: John Regula
Copy Link
Link Copied
Link Copied

Asics reported second-quarter earnings Friday, recording a 42.6% increase in sales to $1.9 billion and a 51% increase in North American net sales.

Sales surpassed $1.8 billion for the first time in four years, with all regions posting an increase of more than 50% year-over-year. Operating income exceeded $182 million for the first time in six years, turning profitable.

Despite the pandemic’s temporary suspension of operations in Oceania and part of South America, production issues stemming from a factory shutdown in Vietnam, and temporary retail store closures, e-commerce sales rose more than 30% year-over-year.

Asics, which sells footwear across a variety of sports, including tennis, wrestling, and running, chalked up a number of other wins during the quarter.

  • Novak Djokovic, the world’s No. 1 tennis player and an Asics ambassador, won the French Open in June wearing a pair of Asics shoes. Djokovic announced in May that he would extend his partnership with the footwear brand.
  • The Japan-based company was the official sportswear sponsor for the Japan Olympic and Paralympic team, as well as a Tokyo 2020 Gold Partner.

The global sports footwear market is estimated to reach $134.99 billion by 2028, up from $97.42 billion in 2021.

Copy Link
Link Copied
Link Copied

What to Read

Puma headquarters in Herzogenaurach, Germany

Puma Thriving In Europe Despite Weak U.S. Market

German brand continues to report solid earnings despite headwinds
Coco Gauff holds up the Rookwood Cup after the victory over Karolina Muchova during the women’s singles final of the Western and Southern Open tennis tournament at Lindner Family Tennis Center.

Charlotte Loses Western & Southern Open Bid Despite $400M Investment

The Western & Southern Open will remain in Cincinnati.
Nick Saban highest paid college football head coach.

Who Is Highest-Paid Coach in College Football?

Saban remains atop highest-paid head coaches getting over $11 million annually.
A general view as Elena Rybakina of Kazakhstan hits a shot against Victoria Azarenka of Belarus on day eleven of the 2023 Australian Open tennis tournament at Melbourne Park.

Australian Open Adds Extra Day to Combat Late Finishes

The 2024 edition will begin on a Sunday for the first time.
podcast thumbnail mobile
Front Office Sports Today

Premier League Sets New Bar with Media Deals


Featured Today

The College Football Playoff is considering rotating TV networks for the national championship game.

CFP Considers Super Bowl-Like Rotation For National Championship Game

Multiple networks could share rights to the championship game, sources told FOS.
Brett Favre
November 27, 2023

Favre Welfare Case Hold-Up? "AG’s Office Has Not Expressed Interest In Pursuing"

The DOJ interviewed Brett Favre in early 2020.
The future of the Pac-12 rests on a court decision.
November 24, 2023

The Pac-12 Plays Its Final Regular-Season Game. Then A Court Decides Its Fate.

The conference's future rests with a court decision.
Lane Kiffin
November 9, 2023

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin's interaction with the player behind lawsuit.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Multiple - USA Careers
Live Nation
Multiple - USA Careers
Saco Bay PT
Multiple - USA Careers

How the $1B Golf Ball Industry Might Add a Few Strokes To Your Game

A distance roll back is set to be coming to golf balls.
November 21, 2023

Upbeat Dick’s Earnings Counter Slowdown In Sports Apparel Market

Surprise earnings beat contrasts from other recent results in the category.
November 25, 2023

Sports Apparel Giants Looking For Holiday Season Turnaround

Once-surging category enters the critical selling period mired in a slump.

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
November 20, 2023

Messi Set To Challenge For Another Off-Pitch Record

Messi's World Cup jerseys are headed for auction.
October 12, 2023

Liverpool Facing Further Stadium Delays Amid Shifting Financial Future

Liverpool is expanding its stadium capacity to 61,000.
People take pictures on their phones of the New York Stock Exchange decorated with On branding.
October 6, 2023

Roger Federer-Backed On Outlines Ambitious Growth Plans

The Swiss company plans to double sales to $3.85 billion by 2026.
Los Angeles Angels designated hitter Shohei Ohtani hits against the Tampa Bay Rays during the sixth inning at Angel Stadium.
September 29, 2023

Shohei Ohtani Tops MLB Jersey Sales List For First Time

He's the first Japanese player to headline the list in MLB history.