Footwear maker Yue Yuen Industrial (Holdings) Ltd. (0551.HK) said on Thursday its revenue fell 2.1% year-on-year to $5.89 billion in the first nine months of 2026 from $6.02 billion a year earlier, as tariff uncertainties and inflation risk caused its customers to become more cautious. The decline was roughly the same as the first half of the year, when the company’s revenue fell 2.2% year-on-year.
Revenue from the company’s outdoor and athletic shoe segment fell 4.3% year-on-year to $3.16 billion during the nine-month period, accounting for 53.7% of total revenue. Sales for its casual shoe division dropped 3.4% to $626 million, accounting for 10.6% of the total; and sales from its Po Sheng division rose 1.8% to $1.82 billion, accounting for 30.9% of the total.
The company’s profit for the nine-month period fell 44% to $167 million from $297 million a year earlier.
Yue Yuen’s stock is down about 15% this year.
By Doug Young
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