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Article Date: March 2024
Word Count: 298

Stella Int’l Net Rises on Luxury and Fashion

The bottom line at the Chinese footwear maker increased 20% last year to $140,255,000 from $117,187,000, on 8% lower revenues of $1,492,651,000, down from $1,630,771,000, due to a weak retail environment and destocking at some of its athletic clients. Average selling price was up 4%, partially offsetting a 13% decline in shipment volumes to 49.0 million pairs. Gross margin expanded by 300 basis points to 24.6%, helped by an improved customer and product mix. SG&A deleveraged 80 b.p. on the lower sales, as selling and distribution expenses inched down 2%, ... Log in to view full article.


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