Goldwin's operating profit falls 82% in the first quarter as bad June weather hits summer sales
Goldwin's operating profit collapsed 82% in its fiscal first quarter as unseasonable June weather chilled demand for T-shirts, shorts and sandals, the North Face Japan licensee said, cutting its first-half forecast even as it held its full-year guidance intact.
Goldwin's operating profit fell 82.1% year on year in its fiscal first quarter, to just ¥371 million, as poor June weather curbed sales of summer apparel, the company said in its quarterly financial results filing dated Aug. 6. Net sales dipped a comparatively modest 1.2%, to ¥23.59 billion.