Shares of Labubu maker Pop Mart dip despite staggering third-quarter U.S. sales growth
CNBCยท2025-10-23 17:50
An exhibition room at Pop Mart's theme park, Pop Land, in Beijing, on June 18, 2025.Shares of Chinese toymaker Pop Mart fell 9% Thursday, notching the stock's worst day since April and extending its declines since a late-August peak.The company behind the popular Labubu dolls, a series of collectible elf-like monster dolls that come in blind-box packaging, reported on Tuesday that third-quarter revenue had more than tripled year over year as sales in the U.S. swelled between 1,265% and 1,270%.And yet concer ...