Hong Kong · Delayed Price · Currency is HKD Xtep International Holdings Earnings Call Transcripts
Fiscal Year 2026
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Revenue held steady at RMB 6.8B in H1 2026, with professional sports up 11.4% and gross margin rising to 46.4%. E-commerce, kids, and overseas businesses led growth, while inventory turnover increased due to DTC transformation and peak season prep.
Fiscal Year 2025
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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.
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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
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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.
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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%.