All Pou Sheng articles
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ArticleYue Yuen’s profit, sales slip in soft FY23
Yue Yuen, the globe’s largest manufacturer of footwear, suffered a down year in 2023 due to inventory de-stocking by retailers worldwide and conservative ordering by its portfolio of brand clients that include Nike, Adidas, Asics and New Balance, among others. Yue Yuen’s annual Ebit declined by 5.6 percent to $390.2 ...
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Infographics & DataTop 50 sporting retailers in the world 2022
Download our annual overview of the world’s 50 largest sports retailers, including revenue and growth ranking compared with last year.
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News briefsYue Yuen sells more, produces less in December
Sales at the manufacturing segment of Hong Kong-based Chinese company Yue Yuen Industrial fell 2 percent to $420.4 million in December, making it the first of 12 consecutive months with a decline as customers cut back on orders. Yue Yuen’s retail segment Pou Sheng grew 16 percent ...
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ArticleBelow-average order fill rates continue to impact Yue Yuen
Profit attributable to Yue Yuen shareholders fell by 49 percent to $137.7 million from $270.1 million for the nine months ended Sept. 30, as sales declined by 14.1 percent to $5.99 billion from $6.97 billion. Manufacturing revenues declined by 20.9 percent year-over-year to $3.79 billion. Ebit sunk by 38 percent ...
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News briefsPou Sheng nine-month results aided by stronger foot traffic
Operating profit at Pou Sheng, the retail subsidiary of Yue Yuen, increased by 51 percent to 515.7 million renminbi (€66.3m) for the nine months ended Sept. 30. Profit attributable to owners of the company rose by 224 percent to RMB 311.4 million (€39.9m) as retail foot traffic improved and the ...
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News briefsNew executive director at Pou Sheng
Pou Sheng has announced that Yuang-Whang Liao has resigned as an Executive Director and member of the Disclosure Committee, effective Sept. 4, 2023. Liao stated that he has no disagreement with the Board and that there is no matter to be brought to the attention of the shareholders of the ...
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ArticleSoft global footwear demand continues to impact Yue Yuen
Profit attributable to Yue Yuen (YY) shareholders declined by 52 percent to $83,601,000 from $175,049,000 for the six months ended June 30, as sales fell by 12 percent to $4,154,968,000 from $4,709,792,000. Ebit fell by 36 percent to $143,227,000 from $223,948,000. The company cited a sluggish global macroeconomic environment and ...
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News briefsPou Sheng experiences H1 recovery on improving trends
The retail subsidiary of Yue Yuen, citing recovering consumer momentum in China and “particularly strong” omnichannel results, has reported preliminary results for the first half ended June 30. Revenues rose approximately 11 percent year-over-year to 10.960 billion yuan renminbi (€1.47bn). Profit attributable to employees was approximately RMB 305 million (€40.8m), ...
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News briefsYue Yuen Q1 results impacted by soft global footwear demand
High inventory levels across the industry coupled with softer global footwear demand negatively impacted Q1 results at Yue Yuen. Ebit fell by 32.2 percent to $65.9 million from $97.1 million for the period ended March 31. Net profit attributed to the company declined by 42.6 percent to $50.8 million from ...
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News briefsPou Sheng’s Q1 benefits from China recovery
Helped by the gradual recovery of in-store traffic and an acceleration in its digital business, Pou Sheng Intl. reported a 71.0 percent increase in Q1 operating income to yuan renminbi 332.7 million (€43.8m) from RMB 194.5 million as the operating profit margin increased by 220 basis points to 5.7 percent ...
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ArticleYue Yuen delivers solid FY results, but warns about gathering headwinds
Bolstered by its manufacturing segment, Yue Yuen reported a 158 percent increase in annual operating income to $416.8 million in FY22 on a 5 percent revenue expansion to $8.97 billion from $8.53 billion. Net income grew by 106 percent to $293.2 million as the annual gross margin dropped slightly to ...
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News briefsPou Sheng Intl. warns on record FY profit drop
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 ...
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Infographics & DataThe largest sporting goods retailers in Asia
Our exclusive annual analysis of the largest sporting goods retailers in Asia. Charts and data are downloadable. Exclusive for Premium Members.
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Infographics & DataThe Largest Sports Retailers Worldwide
Our exclusive annual analysis on the top 50 sports retailers worldwide. The charts and data can be downloaded. This is exclusive data and analysis for Premium Members.
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AnalysisThe world’s biggest sports retailers 2021
This exclusive, yearly statistic shows the revenue development of the 50 largest sports retailers worldwide.
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ArticleYue Yuen cautious about months ahead despite strong Q3
Yue Yuen reported a 171 percent increase in nine-month profit attributable to shareholders of $270.1 million versus $99.6 million. Revenues increased 8.2 percent to $6,971.9 million from $6,441.2 million for the period ended Sept. 30. Ebit was up 101 percent through nine months at $353.4 million, but gross margin was ...
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News briefsPou Sheng Intl. issues FY profit warning
Pou Sheng, the retail subsidiary of Yue Yuen, is forecasting a record decline in year-over-year net profit due to weak consumer sentiment in China due to Covid-19 outbreaks and lower store traffic in cities where it operates. For the nine months ended Sept. 30, Pou Sheng is forecasting revenue ...
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ArticleNike addressing excess inventory; Q1 Ebit falls 13 percent
Nike, ever bullish on its digital approach, is facing an excess-inventory dilemma, contracting gross margins and persistent currency headwinds as it moves into the holiday season. The scenario emerged as the group reported a 22 percent decline in Q1 net income to $1,468 million from $1,874 million for the period ...
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ArticleChairman of Pou Sheng resigns, successor already in place
The board of directors of Hong Kong-based company Pou Sheng International, the retail subsidiary of Yue Yuen Industrial, has announced that Lee Shao-Wu has resigned from all of his positions at the company, including those of chairman, executive director, chairman of the disclosure committee, authorized representative of the company and ...
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ArticleYue Yuen H1 profits dragged down by Pou Sheng
Yue Yuen reported a 2.8 percent increase in first-half net income of $175.0 million versus $170.3 million for the six months ended June 30. Six-month revenues fell by 2.0 percent to $4,709,792,000 from $4,807,087,000, however, manufacturing segment sales were up by 14.4 percent to $3.19 billion. Ebit declined 17.7 percent ...
