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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Stella International
Stella International (1836) investor relations material
Stella International Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary15 Oct, 2026
Executive summary
Q3 2026 consolidated revenue rose 2.2% YoY to US$412.9m; 9M revenue increased 1.7% to US$1,199.6m.
The 2026–2028 plan prioritizes manufacturing-base expansion and diversification; 2026 is an investment year, with most planned profit growth expected later in the plan period.
Financial highlights
Q3 consolidated revenue was US$412.9m, versus US$404.2m in Q3 2025; 9M revenue was US$1,199.6m, versus US$1,179.2m.
Footwear manufacturing revenue rose 1.3% YoY to US$396.7m in Q3 and 1.6% to US$1,163.3m in 9M.
Outlook and guidance
Vietnam’s dedicated premium Sports factory began operations in Q3 2026 and is expected to ramp up through 2027; two factories in Indonesia and Bangladesh are expected to start in Q4 2026.
New factories, together with the existing Solo, Indonesia factory, are expected to add ~20m pairs of production capacity over the coming years.
Most profit growth from the Three-Year Plan is expected in the latter part of 2026–2028.
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Latest events from Stella International
- Higher ASP and premium mix lifted margins and adjusted profit despite lower shipments.1836
H2 2023 - Revenue up, profit down as investments and higher costs weigh; dividend payout ratio held at 70%.1836H1 2026
- Full-year revenue and shipment volumes rose, driven by Sports segment growth and new customers.1836Q4 2025
- Revenue up 1.5%, profits down; major investments and strong cash returns planned.1836Q2 2026
- Revenue up 1.9% year-over-year, ASP rises 3.8%, and new factories to drive future growth.1836Q1 2026
- Revenue up 1.6%, net profit down, strong cash supports HK145 cents/share dividend.1836H2 2025
- Q3 2025 revenue up 3.7% with strong Sports segment growth and robust shareholder returns planned.1836Q3 2025
- Revenue and shipments up, profit and margins down; strong cash, high dividend, and expansion plans.1836H1 2025
- Adjusted net profit surged 54.1% on Sports growth, margin gains, and strong cash returns.1836H1 2024
Next Stella International earnings date
H2 202618 Mar, 2027
Stella International
Next Stella International earnings date
H2 202618 Mar, 2027
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Frequently asked questions
Stella International Holdings Limited is a Hong Kong-based company engaged in the design, development, and manufacturing of footwear. The company produces a wide range of shoes, including athletic, casual, and fashion footwear, primarily for international brands and retailers. Stella International operates production facilities across Asia and offers integrated services from design to production. The company is headquartered in Hong Kong, China, and its shares are listed on the HKEX.