Yue Yuen Holdings SEHK 551 Q1 2026 Earnings were down as revenues fell and shoe shipment volume dropped 8.1 percent.
. For the first quarter ended March 31, it said total revenue was down 2.2 percent to $1.99 billion versus year-ago revenue of $2.03 billion.and sport sandals production revenue falling 4.7 percent to $196.2 million.
The manufacture of soles and other shoe components posted a 1.5 percent decline in revenue to $87.5 million. The company’s retail arm Pou Sheng reported a 4.1 percent revenue gain in the quarter to $730.0 million. Pou Sheng’s sales in the Greater China region includes shoes, apparel and commissions from concession sales as well as other income.
Steven Madden's Top Three Brands Are Delivering, But Private Label Softness Impacts Wholesale Yue Yuen also said that the volume of shoes shipped during the quarter fell by 8.1 percent to 56.9 million pairs. The average selling price rose 2.4 percent to $20.52 per pair. That compares with shoe shipment volume down 1.2 percent toarm fell by 20.7 percent to $186.3 million, while the gross profit margin was down 2.9 percentage points to 14.8 percent.
“The decrease was mainly attributed to volatile short-term order demand, as well as intensified production scheduling caused by seasonal misalignments arising from the overlap of the Lunar New Year and Ramadan in the first quarter of 2026,” the company said. “These factors resulted in short-term production inefficiency within the manufacturing business which, coupled with higher labor costs, drove up manufacturing unit costs.
” Profits fell by 53.6 percent to $35.2 million, which included one-time items, versus $75.8 million a year ago.
“Amid mounting global economic headwinds, the will continue to solidify its role as a strategic supplier and strengthen its multi‑location, high‑enddevelopment capabilities, while deepening its long‑standing partnerships with leading international brands to capitalize on emerging opportunities and secure a higher-quality order mix,” Looking ahead, Yue Yuen said it will continue to closely monitor developments in the global economic and political environment, as well as the potential impact of regional conflicts on both delivery timelines and stability of raw material supplies. The company said that it has begun earlier raw material procurement talks and inventory planning to ensure supply stability, and that it is also strengthening its cost control measures.
At the same time, it will continue to advance the ramp-up of its manufacturing facility in Central Java, Indonesia, while progressing with construction work for its new factory in India.. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the Google WWD and Women's Wear Daily are part of Penske Media Corporation. © 2026 Fairchild Publishing, LLC. All Rights Reserved.
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