Topsports International Holdings Ltd. has released an operational update for the first quarter of FY2025/26, covering the period from March 1, 2025, to May 31, 2025. The company reported a mid-single-digit decline in total sales from its retail and wholesale operations compared to the same period last year. Additionally, the gross selling area of directly-operated stores decreased by 1.3% from the previous quarter and by 12.3% year-on-year. The update is based on unaudited data, and shareholders and potential investors are advised to proceed with caution. The announcement was made voluntarily by the company's board of directors, led by Chairman and CEO Yu Wu.
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