Yue Yuen Industrial (Holdings) Limited, the manufacturer of footwear for most major outdoor and athletic brands, reported that the company’s August 2024 net consolidated operating revenue jumped 11.6 percent to $713.3 million, a sequential increase over the 10.2 percent year-over-year increase in July and the $680.4 million in total consolidated revenue.

Yue Yuen’s August 2024 increase easily comped against the 19.8 percent decline to $639.2 million in August 2023, helped by an even stronger growth in its Manufacturing shipments this year.

The company’s net consolidated accumulative operating revenue for the eight months ended August 31 (YTD) increased 0.3 percent year-over-year to $5.41 billion.

Yue Yuen Manufacturing
The company’s Manufacturing business tallied a 21.1 percent increase in August, slightly less than the 22.0 percent increase Yue Yuen posted in July 2024 and more than reversing the 19.8 percent decline it posted in August 2023.

Manufacturing posted a 7.1 percent increase for the eight-month YTD period this year, easily comping against a 19.9 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 posted a 6.2 percent decline in August, a sequential improvement from the 10.6 percent decline in July. The YTD decrease was 8.8 percent through August, reported in RMB currency.

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 fell nearly 8.0 percent to NT$8.87 billion in August, the first year-over-year decline since February 2024 and reversed both the July (+3.2 percent) and YTD (+6.2 percent) trends through July.

June trends were flat year-over-year. Feng Tay’s eight-month YTD trend through August 2024 was up 4.1 percent to NT$58.8 billion.

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