Net income attributable to shareholders slipped 7% to $171,190,000 in the first half from $184,401,000 on revenue that was up 1% to $4,060,148,000 from $4,015,407,000 as manufacturing gains offset retail declines at Pou Sheng. Athletic/outdoor shoes revenue was up 5% to $2,176.2 million, while casual shoes & sports sandals increased 29% to $434.6 million. Soles, components & others declined 16% to $187.1 million. Footwear volume posted a 5% increase to 126.7 million pairs, with ASP up 3% to $20.61, driven by a higher-quality order mix.

Enterprise gross margin contracted 170 b.p. to ... Log in to view full article.