Pou Sheng Intl. warns on record FY profit drop

Pou Sheng International

The Yue Yuen retail unit blames an expected annual profitability decline of 75 percent to 89 million yuan renminbi (€12.2m) on “weak foot traffic and soft consumer sentiment” in China throughout 2022 due to the country’s pandemic control measures. Pou Sheng’s FY22 revenues are forecast to come in 20 percent ...

if you are already a subscriber of SGI Europe.

Gated access promo

Start your 30-day trial for just €9.90

Get access to what the top decision makers are reading in the sporting goods industry:

  • Essential E-mail Briefings with the latest analysis and most important industry developments
  • Find inspiration to drive your business forward with our case studies and best practices on business opportunities
  • Industry Research and Analysis: in-depth rankings and data
  • Guest chronicles, interviews, insights from industry experts and leaders that are shaping the future of the industry

Or continue reading this article and register now.

For team or company-wide subscriptions and enquiries see our corporate membership page.