Yue Yuen sales down 19% in April

Hong Kong
Published:  14 May, 2020

Net consolidated operating revenue for the Hong Kong headquartered footwear manufacturer totalled US$709.9 million in April, a 19.1% decline year-on-year.

During the first four months of 2020, Yue Yuen’s sales decreased 20.3% to US$2.68 billion from US$3.36 billion in the same period of 2019. Pou Sheng International, the retail subsidiary of Yue Yuen, reported revenue of CNY2.2 billion (US$310 million) in April, down from CNY2.48 billion (US$350 million) in the same month of 2019, a decline of 11.2%. Sales in the first four months of the year declined 21.2% to CNY7.15 billion (US$1 billion) from CNY9.07 billion (US$1.27 billion) a year ago.