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Goldwin posts Q3 FY20 sales of ¥69 bn

Feb '21
Pic: Goldwin
Pic: Goldwin
Goldwin Inc, a Japanese sports apparel manufacturer, has reported 8.7 per cent sales decline YoY to ¥69.2 billion (Japanese Yen) in the third quarter (Q3) FY20 ended on December 31, 2020, compared to sales of ¥75.8 billion in the same period previous year. Company’s operating profit for Q3 fell 16.2 per cent to ¥13.5 billion (Q3 FY19: ¥16.4 billion).
Gross profit for the nine-month period decreased to ¥37.6 billion (¥41.4 billion). Selling, general and administrative expenses were ¥23.9 billion (¥25.2 billion). Ordinary profit for Q3 FY20 was ¥13.8 billion (¥16.4 billion).
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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February 2021

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