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Article Date: May 2017
Word Count: 106

Yue Yuen Sneaker Sales Drive Q1 Gains

Comprehensive net income climbed 25% to $155,960,000 from $129,407,000 in the first quarter on 4% higher revenues at $2,100,810,000 from $2,028,278,000 at the footwear maker. Gross margin expanded 60 basis points to 25.0% on better operational efficiency partially offset by rising wages. Athletic footwear gained 4% to $996.1 million, casual/outdoor declined 4% to ... Log in to view full article.


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