All Yue Yuen articles – Page 2
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News briefsPou Chen plans to lay off more workers in Vietnam
Taiwan-based Pou Chen, parent company of Yue Yuen and supplier to major Western sporting goods firms such as Nike, Adidas and Reebok, announced further layoffs of more than 5,700 workers at Pouyuen Vietnam Co. in Ho Chi Minh City between June 24 and July 8, according to state media reports. ...
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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 briefsYue Yuen issues Q1 profit warning on weak order book
Yue Yuen, which in mid-March warned of “gathering headwinds,” issued a Q1 profit warning late last week. The globe’s largest maker of footwear, citing a weak order book that impacted the operating efficiency of its manufacturing business, said net income is likely to decline by 40 to 45 percent to ...
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News briefsPou Chen to invest $280 million in India
The Indian state government announced April 17 that a subsidiary of the world’s largest maker of branded athletic footwear, Pou Chen, will invest 23 billion rupees (€256 million) to set up a manufacturing plant in Tamil Nadu. The Taiwanese footwear maker, which sells brands such as Nike, Adidas, New Balance ...
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Infographics & DataSGI Sporting Goods Scorecard Q4 2022
Find out whose sales are up and whose profits are down in Q4 2022 in our exclusive analysis of the sporting goods industry’s largest players.
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Infographics & DataYue Yuen’s 2022 shoe manufacture volume by region
We bring you a breakdown of Yue Yuen’s shoe manufacture volume by region
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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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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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ArticleSporting goods industry stocks down in Q3
According to SGI Europe’s quarterly study of 40 select sporting goods industry stocks, the drop was less than in Q1 (-16.25%) and Q2 (-14.79%) but marked the third consecutive quarterly decline for the segment. But the results were mixed, as the stock prices of 19 companies – led by Xtep ...
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Infographics & DataSporting Goods Scorecard Q2 2022 - The top performers by sales and profit
This exclusive chart and data can be downloaded by our Premium Members.
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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 ...
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News briefsPou Sheng warns on significant H1 decline
Pou Sheng Intl., the retail subsidiary of Yue Yuen, issued a revenue and profit warning for the first half ended June 30, citing persistent Covid-related restrictions in China that impacted consumer traffic and sentiment during the six months. The group forecasts a 25 percent decline in H1 revenues to 9,865 ...
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News briefsYue Yuen H1, June sales dragged down by retail subsidiary
Yue Yuen’s sales performance for June and the first half of 2022 was negatively impacted by results from its retail subsidiary in China, Pou Sheng International. Yue Yuen’s net consolidated first-half revenues are down 2.0 percent to $4,709,796,000 from $4,807,112,000 for the six months ended June 30. The results included ...
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News briefsPou Sheng Intl. sales fall nearly 25% in H1
Pou Sheng Intl., the subsidiary of Yue Yuen, realized a 24.6 percent decline in accumulated operating revenue to 9,864,815,000 yuan renminbi (€1.45b) from RMB 13,074,740,000 for the six months ended June 30. June revenues at Pou Sheng declined 14.7 percent in local currency to RMB 1,651,214,000 (€242.3m).
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News briefs
Changes in Pou Sheng’s management
As a result of Pan-Tsu Wu’s resignation from all his positions in the company (including chairman, executive director, chairman of the nomination committee and the disclosure committee and authorized representative), the board of Pou Sheng International, the distribution and retail subsidiary of Yue Yuen, announced that Shao-Wu Lee will be ...
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News briefsPou Sheng reports sales decline in May
Pou Sheng International, the distribution and retail subsidiary of Yue Yuen, reported a 19.1 percent constant currency, year-over-year sales decline in May to 1.53 billion yuan renminbi (€213.8m) from RMB 1.89 billion. For the five months ended May 31, Pou Sheng’s consolidated operating revenues were down 26.3 percent to RMB ...
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News briefsNew CFO for Pou Sheng
The board of directors of Pou Sheng International (Holdings) Limited announced that Liao Yuang-Whang has resigned as the company’s chief financial officer, effective June 1, as he has relocated to the headquarters of Pou Chen Corporation, a majority shareholder of Yue Yuen Industrial (Holdings) Limited. Liao will continue to serve ...
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