Footwear group Stella International has confirmed that its full-year revenues in 2024 reached more than $1.5 billion, coming from shipments of 53 million pairs.
These figures represent growth of 3.5% in value and of 8.2% in volume.
Stella had already hinted at these figures, but has now confirmed them after releasing audited annual results on March 20.
Commenting on the prospects for this year, Stella International said it expected to face “macroeconomic headwinds and geopolitical uncertainties” in 2025. But it said it expects “a modest increase” in overall shipment volumes, with increases in the volume of shoes it will deliver to customers in the fashion and sports segments of its business.
“Our primary focus in 2025 will be maintaining high product-quality levels,” the group said. “We will continue to optimise our luxury and high-end fashion categories, and our non-sports manufacturing facilities will continue to operate at close to full utilisation.”
It will gradually ramp up production at new facilities in Indonesia and Bangladesh, it added, referring to this as part of a “controlled expansion” that aligns with a long-term strategy of increasing its capacity to make higher-margin shoes.
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