Asics Corporation posted an 11.0% decrease in revenues for the fiscal third quarter ended December 31. Total consolidated worldwide revenues were �164.3 billion ($1.83 bn), compared to �184.6 billion ($1.90 bn) in the year-ago quarter. Operating profits fell 27.6% to �13.5 billion ($151 mm) for the fiscal third quarter, while net income declined 42.1% to �5.63 billion ($63 mm) versus the prior-year quarter.
The company is maintaining its forecast for revenues of �225 billion, or a 7.0% decline versus the prior year.
The news was a bit better in the U.S., although the division did slip into single-digit growth trends versus the previous double-digit gains seen over the last few years. Led by healthy gains in both performance running footwear and apparel, Asics America�â¬ï¿½s revenues grew more than 7% in its third quarter ended December 31.
In an interview with Sports Executive Weekly, Asics America President and COO Rich Bourne said footwear was up 8% during the third quarter, led by better-than-expected performances from the GEL-Kayano, GT-2000 series and GEL-Nimbus.
