ASICS America Corp.’s sales in the March quarter declined 5.3%, according to its parent, Japan-based ASICS Corp.
The Irvine-based footwear and apparel company, which oversees markets in North America and Brazil, posted $261.7 million in revenue, down from $276.5million year-over-year.
The dip—primarily due to “sluggish sales” of lifestyle and running shoes in the U.S.—was offset by “strong sales in Brazil” for the quarter that ended March 31. The running products category was flat; training shoes and apparel dipped 1.3%; “core performance sports,” which includes volleyball and tennis shoes and apparel, decreased 22.7%; and its lifestyle footwear—Onitsuka Tiger and ASICS Tiger—was down 40.1%.
The region, however, reported a triple-digit jump in earnings—141.1% to $22.5 million—that the company attributed to “an improved cost of sales ratio.”
ASICS Corp. reported $991 million in total revenue, a 4% year-over-year decrease. Its earnings totaled $82 million, about the same as in the year-ago quarter. Its sales at home in Japan fell 2.6%, while its Europe, Middle East and Africa region decreased 12.9%. The Oceania, South East and South Asia market was up 11.3%, and East Asia sales rose 13.1%.
The parent company said it anticipates full-year revenue for the Americas region to remain flat at about $990 million.