Yue Yuen Industrial (Holdings) Limited, the manufacturer of footwear for most major outdoor and athletic brands, reported that the company’s September 2024 net consolidated operating revenue increased 9.7 percent to $660.4 million, a deceleration from the 11.6 percent increase in August. Still, the volume for September fell short of the $680.4 million produced in July 2024 and the $713.3 million produced in August 2024.

Yue Yuen’s September 2024 increase easily comped against the 19.1 percent decline to $602.1 million in September 2023, helped by continued growth in its Manufacturing shipments this year and a return to growth in the Pou Sheng China Retail unit.

The company’s net consolidated accumulative operating revenue for the nine months ended September 30 (YTD) increased 1.5 percent year-over-year to $6.08 billion.

Yue Yuen Manufacturing
The company’s Manufacturing business posted a 26.7 percent increase in September, an acceleration from a 21.1 percent increase in August. This is slightly less than the 22.0 percent increase Yue Yuen posted in July 2024 and nearly reversing the 28.7 percent decline posted in September 2023.

Manufacturing posted a 9.0 percent increase for the nine-month YTD period this year, easily comping against a 20.9 percent decrease for the YTD period last year.

Yue Yuen and its Footwear Manufacturing business trades and reports in U.S. dollars ($).

Pou Sheng China Retailing
In another Yue Yuen report, the Pou Sheng China retail business saw an accelerated decline in August. Sales decreased 14.7 percent year-over-year for September after posting a 6.2 percent decline in August, and a 10.6 percent decline in July. The YTD decrease was 9.5 percent through September.

Pou Sheng trades and reports in the Chinese RMB or Yuan currency.

Feng Tay Enterprises
Feng Tay Enterprises, one of the longest-tenured manufacturers of Nike footwear, reported Manufacturing revenues inched up 1.3 percent to NT$6.82 billion in September, returning to positive territory after posting in August the first year-over-year decline since February 2024.

Feng Tay’s nine-month YTD trend through September 2024 was up 3.8 percent to NT$65.6 billion.

Feng Tay reports financials in the New Taiwan Dollar (NT$).

Image courtesy Yue Yuen