Reshoring and a changing product mix has boosted the profitability of Stella International, a major international shoe manufacturer.
Boomeranged on Fri, 28 Jun 2024 08:16
Stella International shares continue to gain after Citi's Upside Watch this week. The company has recorded a 19% increase in 1st Qtr Revenue led by its sports (Athleisure) category, which also is its high margin category. Re-shoring production outside China also continues apace.
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