Hong Kong · Delayed Price · Currency is HKD Xtep International Holdings Earnings Call Transcripts
Fiscal Year 2025
-
Revenue and profit reached record highs in 2025, driven by a focus on running and multi-brand growth. E-commerce and overseas expansion fueled double-digit gains, while strong cash flow supported a 50.4% dividend payout ratio.
-
Revenue grew 7.1% year-over-year to RMB 6.838 billion, with net profit up 21.5% and strong gains in the professional sports division. Inventory and accounts payable increased in preparation for peak season, while the group maintained robust cash flow and a 50% dividend payout ratio.
Fiscal Year 2024
-
Revenue grew 6.5% to JPY 13.577 billion, with net profit up 20.2% and gross margin rising to 43.2%. Saucony and new brands drove strong growth, while the group advanced its DTC strategy and ESG initiatives. Management changes and capital actions support long-term expansion.
-
Sales rose 10.4% year-over-year, led by 72% growth in professional sports brands and improved margins. Strategic disposal of K-Swiss and Palladium will sharpen focus on running, with full-year profit growth targeted above 20%.