Reshoring and a changing product mix has boosted the profitability of Stella International, a major international shoe manufacturer.
Boomeranged on Tue, 9 Apr 2024 09:27
Full Year Results reaffirms the benefits of this re-shoring opportunity. Company maintains its shareholder friendly policy with a 70% payout ratio and 11% dividend yield. Company is strongly ahead of meeting its revenue growth and margin expansion goals under its 3 year plan, namely a 10% operating margin (10.7% in 2023) and low teens annualized profit growth (19.7% in 2023).
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