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Japanese apparel firm Goldwin delivers 40% sales growth in Q1

27 Aug '21

1 min read

Pic: Goldwin

Goldwin Inc, a Japanese sports apparel manufacturer, has reported 40.0 per cent sales growth to ¥17.0 billion (Japanese Yen) in first quarter (Q1) of FY21 ended on June 30, 2021, compared to the sales of ¥12.2 billion in the corresponding period of prior year. Operating profit in the quarter rose to ¥1.1 billion against loss of ¥0.5 billion in Q1 FY20.

The company’s gross profit grew to ¥8.9 billion (¥6.3 billion), while selling, general and administrative expenses were ¥7.8 billion (¥6.7 billion). Profit during the three-month period increased to ¥1.2 billion (loss: ¥0.3 billion).

In its forecast for the first half (H1) ending on September 30, 2021, the Japanese firm expects sales to climb 30.9 per cent to ¥41.3 billion over previous year. Operating profit is expected to surge 122.3 per cent to ¥2.7 billion against H1 FY20.

Goldwin offers an extensive line-up of brands suitable for every type of sports enthusiast, from recreational players to elite athletes. From core outdoor to athletic brands, Goldwin carries diverse portfolio including Goldwin, The North Face, Helly Hansen, Speedo, Icebreaker, Ellesse, Woolrich, and many more.

Fibre2Fashion News Desk (JL)

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