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Article Date: May 2018
Word Count: 221

Yue Yuen Q1 Manufacturing Biz Falters, but Retail is Booming

Comprehensive net income was off 18% to $119,036,000 from $144,327,000 in the first quarter on 9% higher total sales at $2,287,391,000 from $2,100,810,000. Excluding exchange differences on foreign operations and other comprehensive items, the bottom line was down 23% to $95,441,000 from $124,491,000. While retail sales surged, the manufacturing operation was down across the board, as YY preannounced last month. Athletic footwear sales dipped 6% to $938.0 million, casual/outdoor shoes were down 8% to $241.4 million, sport sandals slipped 9% to $27.0 million, and soles and components fell 10% to $123.0 million. The apparel wholesale business, new this year, added ... Log in to view full article.


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