Shoe Manufacturer Yue Yuen Says Footwear Shipments Fell Over 8 Percent in Q1

Taiwanese footwear shaper Yue Yuen Industrial (Holdings) Ltd. said connected Tuesday that archetypal 4th revenues fell, portion footwear shipments were besides down.

Yue Yuen is simply a shaper of athletic/outdoor and casual shoes. For the archetypal 4th ended March 31, it said full gross was down 2.2 percent to $1.99 cardinal versus year-ago gross of $2.03 billion.

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By concern operation, athletic/outdoor footwear manufacturing gross was down 6 percent to $971.7 million, with casual shoes and athletics sandals accumulation gross falling 4.7 percent to $196.2 million. The manufacture of soles and different footwear components posted a 1.5 percent diminution successful gross to $87.5 million. The company’s retail limb Pou Sheng reported a 4.1 percent gross summation successful the 4th to $730.0 million. Pou Sheng’s income successful the Greater China portion includes shoes, apparel and commissions from concession income arsenic good arsenic different income.

Yue Yuen besides said that the measurement of shoes shipped during the 4th fell by 8.1 percent to 56.9 cardinal pairs. The mean selling terms roseate 2.4 percent to $20.52 per pair. That compares with footwear shipment measurement down 1.2 percent to 252.2 cardinal pairs successful 2025 owed to much cautious ordering policies by brands.

The gross nett from the manufacturing limb fell by 20.7 percent to $186.3 million, portion the gross nett borderline was down 2.9 percent points to 14.8 percent. “The alteration was chiefly attributed to volatile short-term bid demand, arsenic good arsenic intensified accumulation scheduling caused by seasonal misalignments arising from the overlap of the Lunar New Year and Ramadan successful the archetypal 4th of 2026,” the institution said. “These factors resulted successful short-term accumulation inefficiency wrong the manufacturing concern which, coupled with higher labour costs, drove up manufacturing portion costs.”

Profits fell by 53.6 percent to $35.2 million, which included one-time items, versus $75.8 cardinal a twelvemonth ago.

“Amid mounting planetary economical headwinds, the [company] volition proceed to solidify its relation arsenic a strategical supplier and fortify its multi‑location, high‑end footwear improvement capabilities, portion deepening its long‑standing partnerships with starring planetary brands to capitalize connected emerging opportunities and unafraid a higher-quality bid mix,” Yue Yuen said.