Stella International Holdings reported a 2.2% increase in consolidated revenue to $412.9 million in Q3 2026 compared with $404.2 million a year earlier. The footwear and leather goods manufacturer also reported higher footwear revenue and average selling prices while shipment volumes declined during the quarter.
For the first 9 months of 2026 the group’s consolidated revenue grew 1.7% to $1.20 billion from $1.18 billion in the same period last year.
Stella’s footwear manufacturing business generated $396.7 million in revenue during Q3 2026 thats an increase of 1.3% from $391.6 million a year earlier.
However shipment volume declined 4.3% to 13.3 million pairs from 13.9 million pairs. The average selling price increased 6% to $29.90 per pair compared with $28.20 in Q3 2025.
The company attributed the higher average selling price to a shift towards products with higher selling prices particularly in its Sports segment as well as increased raw material costs.
For the first 9 months of 2026 footwear manufacturing revenue increased 1.6% to $1.16 billion from $1.15 billion a year earlier. Shipment volume fell 1.4% to 40.8 million pairs from 41.4 million pairs while the average selling price grew 2.9% to $28.5 per pair from $27.7
“As we reach the end of our current investment cycle, we remain focused on investing further in innovation and product development to drive our ongoing performance, as well as our ability to deliver for shareholders. This includes fulfilling our commitment to return additional cash of up to $60 million to our shareholders in 2026 under our Excess Cash Return Program.”
– Lawrence Chen, Chairman, Stella International Holdings Limited
Stella said the lower shipment volume in the Q3 2026 was primarily due to production for a Casual customer being brought forward into the H1 2026. This was done in preparation for the phased shutdown of the company’s footwear factory in the Philippines which began in July.
