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Article Date: May 2019
Word Count: 217

Athletic Footwear Gains Lead Yue Yuen in Q1


Net income declined 21% in the first quarter to $75,494,000 from $95,441,000 on overall revenues of $2,479,385,000, up 8% from $2,287,391,000, helped by a rebound in athletic footwear and a double-digit improvement from Pou Sheng retail. The manufacturing business was up 5% to $1,395.3 million in aggregate, with athletic footwear up 8% to $1,017.2 million. Casual and outdoor footwear declined 5% to $229.9 million, the small sport sandal category surged 36% to $36.7 million, and soles and components sales dropped 9% to $111.5 million. The Texas Clothing Holding Corp. wholesale apparel business, which YY sold after the end of the ... Log in to view full article.

 


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