ANTA Reports Up to 65% Retail Sales Growth in Other Brands in H1; Shares Rise 4%
MT Newswires Live
Jul 16
ANTA Sports Products (HKG:2020) reported a 60% to 65% year-on-year increase in retail sales value for all other brands in the first half, excluding brands added after April 1, according to a Tuesday Hong Kong bourse filing.
Shares of the company gained over 4% in Wednesday morning trade.
The FILA-branded products recorded high-single-digit growth in retail sales over the same period, while ANTA-branded products posted mid-single-digit growth.
In the second quarter, other brands saw retail sales growth of 50% to 55%. FILA rose by mid-single digits, and ANTA logged low-single-digit growth compared to the year-ago period.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.