Footwear group Stella International has reported higher revenues and higher production volumes for the first quarter of 2024, but its average price per pair has gone down. 

Revenues for the quarter were $326.3 million, up by 17.6% year on year. And in the three-month period, Stella manufactured 11.7 million pairs of shoes, an increase of 21.9%.

The average selling price per pair that the group achieved in the first quarter of this year was $27.80, down by 3.5%. Stella said this was because of a higher proportion of sports and casual shoes in the order mix.

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