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.