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Revenue and volume up at Yue Yuen, but retail is still slow

Revenue and volume up at Yue Yuen, but retail is still slow

2024-11-14

Source:https://footwearbiz.com/

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Footwear manufacturing group Yue Yuen has announced revenues of just over $6 billion for the first nine months of 2024, an increase of 1.5% year on year.

Revenues over the nine-month period from sales of the athletic and outdoor footwear made by the Taiwan-based group reached $3.25 billion, up by 7.2% compared to the same period in 2023.

Casual shoes and sports sandals contributed a further $534.6 million, while $352.8 million came from soles and other components.

In terms of volume, Yue Yuen factories produced 186.9 million pairs during the nine-month period, up by 16.2% compared to the same months last year.

The group’s retail subsidiary, Pou Sheng, brought in revenues of $1.9 billion, but this figure represents a fall of 11.6% year on year.

责任编辑人:樊永红

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