Stella International Expects Higher Profits in H1
The footwear maker’s revenues declined 1% to $438.0 million from $443.5 million in the second quarter, but improved product mix and customer mix has made those sales much more profitable, and Stella expects H1 net income to increase more than 70% when it reports in Aug. Manufacturing sales were slightly positive at $435.4 million vs. $433.8 million, on a 1.2% increase in pairs to 16.8 million but a 0.8% decline in ASP to ... Log in to view full article.