HK footwear maker Stella International Q3 revenue rises

By Reuters News


Overview

  • Hong Kong footwear manufacturer reported Q3 revenue up 2.2% yr/yr to $412.9 mln

  • Shipment volumes fell 4.3% due to front-loading production for a Casual customer

  • Company plans up to $60 mln in share repurchases and special dividends in 2026


Outlook

  • Company expects new Vietnam factory to ramp up production through 2027

  • Stella expects Indonesia and Bangladesh factories to start operations in Q4 2026

  • Company expects profit growth from Three-Year Plan to materialise in 2026-2028 period


Result Drivers

  • SHIPMENT VOLUME DECLINE - Co said Q3 shipment volumes fell 4.3% due to front-loading production for a Casual customer earlier in the yr

  • HIGHER SELLING PRICES - Co said average selling price per pair rose 6% yr/yr, driven by improved product mix and increased raw material costs


Company press release: Full Story


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$412.90 mln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the footwear peer group is "buy."

  • Wall Street's median 12-month price target for Stella International Holdings Ltd is HK$13.50, about 8.2% above its October 14 closing price of HK$12.48

  • The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago


Reuters Recommended Reads

  • Oct 12 - France's LVMH nine-month revenue slips amid weak Q3 demand in China


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


Press Release https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1015/2026101500369.pdf

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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