Pou Sheng reports Q1 sales up nearly a quarter

Published:  10 April, 2015

Pou Sheng International (Holdings) Limited, which is one of China’s largest retailers of branded athletic footwear and apparel, reported net sales increase 16.7% in March and 23.9% for the three months ended March 31.

The company reported net consolidated operating revenue reached $197.2 million in March, compared with $169.0 million in March, 2014. Sales were $580.5 million for the three months ended March 31, compared with $468.7 million in the first quarter of 2014.

Last month, Pou Sheng reported sales increased 11.4 percent to $1.98 billion in the year ended December 31, 2014, as a 15.4% increase in retail sales more than offset declining sales from licensed brands and OEM operations. The company ended the year with nearly 4,300 retail outlets and 2,700 sub-distributors. Pou Sheng is a publicly traded subsidiary of Yue Yuen Industrial Holdings, the world’s largest manufacturer of athletic and outdoor footwear.

Source: newswire