Annual net income attributable to YY shareholders rose 3.2% to $479.5 million as turnover grew 15% to $5,788,208,000 from $5,016,902,000 for the 12 months ended Sep. 30. Annual labor costs, meanwhile, spiked 31% higher. Regionally, YY reported “a return to pre-crisis” sales levels in the U.S. where FY turnover increased 11% to $1.7 billion. Elsewhere, sales were 12% higher in China at $1,597,100,000; up 5.6% in Europe to $1,180,379,000; and 38% higher everywhere else to $1,301,583,000.

By footwear category, casual/outdoor had the biggest turnover gain, jumping 21% to $943.4 million. Soles and components were 22% higher y-o-y at $477.2 million; athletic ... Log in to view full article.