Footwear group Stella International Holdings Limited reported a 1.1% decline in Q4 2024 revenue to $385.4 million, compared to $389.5 million in Q4 2023.

Shipment volumes rose 3.0% year-over-year to 13.6 million pairs, though average selling prices (ASPs) fell to $27.90 per pair.

Full-year revenue increased 3.5% to $1.55 billion, with shipment volumes up 8.2%. 

Stella is ahead of schedule in its Three-Year Plan (2023-2025), aiming for a 10% operating margin and low-teens profit growth by 2025. The company also committed to returning up to $60 million annually to shareholders through 2026.

Chairman Lawrence Chen expressed confidence in meeting targets, citing a resilient production base and proactive measures against trade tariffs.

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