Preview - Please log in to view full article.

Article Date: August 2017
Word Count: 232

Retail Drives Yue Yuen Gains in H1

Comprehensive net income at the footwear maker and retailer gained 19% to $318,528,000 from $268,314,000 benefitting from a $46 million swing in foreign exchange and other comprehensive items as revenues increased 4% to $4,448,172,000 from $4,280,785,000 in the first half. Retail was responsible for all the sales growth, gaining 15% to $1,458.1 million while manufacturing revenue declined 1% to $2,990.0 million. On the manufacturing side, pairs fell 1.6% and gross margin improved slightly to 20.8%. Production came primarily from factories in Vietnam (46%), Indonesia (35%) and China (17%). Athletic footwear sales were flat at $2,071.5 million, casual/outdoor declined 7% to ... Log in to view full article.


Already a subscriber?

User Name:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.