Yue Yuen Industrial (Holdings) Limited net consolidated operating revenue for February 2023 came in at $603.8 million, representing a 6.9 percent decline versus the year-ago February period.
The Manufacturing business, which reflects product manufacturing for most major athletic and outdoor brands in the U.S. and Europe, declined 5.9 percent in U.S. Dollar terms in February.
The Pou Sheng business, which reflects the China-based retail operations of the company, declined 2.4 percent in RMB terms for the period.
The two-month year-to-date period saw revenues of $1.41 billion, a 12.9 percent decline versus the year-ago comparable period.
Manufacturing revenues were down 16.3 percent for the two-month period in U.S. Dollar terms, while the Pou Sheng China retail business was down 1.0 percent in RMB terms for the year-to-date period.
