Stella Int’l Sees Higher ASP Drive Sales as Volume Dips
Third-quarter revenues rose 1% to $396.7 million from $391.6 million at the high-end sneaker and footwear maker, helped by pulled-forward production for a casual customer preparing to phase out its Philippines factory in July. A higher-end product mix, especially in its Sports segment, drove a 6% increase in ASP to $29.90 from $28.20 per pair, partially offsetting a 4% drop in volume to 13.3 million pairs from 13.9 million last year. Stella’s new dedicated ... Log in to view full article.
