⚠️ #NKENike Inc. (NKE) shares closed down 13%, hitting a 10-year low.👀 https://t.co/8J9lQXrnHD ...

And I think they're still still fair to say they're in turnaround. What really spooked investors was they shared that the outlook for revenue for the year um is just much lower than the street expected. They're still having challenges with Converse.They're now seeing some challenges in AMIA and that's [snorts] offset some of the gains in North America and in the running category. >> Lily, talk to us about the inventories because I know that was a big issue for this company. Hey, let us just kind of get thro ...

Shares of Dow component Nikely Nike are down sharply. They're now down by about 10 and a half%. The company warning that sales will fall for the rest of this calendar year.Joining us right now is Newberger Berman senior research analyst Kevin McCarthy. Kevin, the company said yesterday that this turnaround is taking longer than the street had anticipated. Um do you think the selloff is warranted.Down 10 and a half% this morning. >> Good morning, Becky. Um, you know, I I think this is, as they've suggested m ...

Nike is losing ground in its second biggest market and warns that the next quarter in China could be worse https://t.co/3khTU3DLm3 ...

Nike's third-quarter earnings suggest its uphill slog to recovery is getting harder, writes @AndreaFelsted (via @opinion) https://t.co/7Bg6WGkep2 ...

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:Check out our premarket coverage herePhoto via Shutterstock ...

Core Insights - The company reported a revenue of 80.22 billion yuan for 2025, representing a year-over-year increase of 13.3%, while the net profit attributable to shareholders was 13.59 billion yuan, down 12.9% year-over-year. Excluding the impact of the Amer Sports listing and dilution from the previous year, the net profit increased by 13.9% year-over-year [1] Anta Brand - Anta's segment revenue reached 34.75 billion yuan in 2025, with a year-over-year growth of 3.7%. The revenue from DTC direct sales, DTC franchise, e-commerce, and traditional wholesale grew by 5.9%, declined by 3.4%, increased by 7.3%, and declined by 3.4% respectively, accounting for 35.4%, 18.4%, 37%, and 9.2% of Anta's total revenue [2] - By the end of 2025, Anta had 9,855 stores, a decrease of 64 stores year-over-year. The adult segment saw an increase of 68 stores to 7,203, while the children's segment decreased by 132 stores to 2,652 [2] - Anta is advancing channel reforms, opening or renovating approximately 300 flagship stores in 2025, which improved store efficiency by 25% year-over-year. Three flagship stores achieved monthly sales exceeding 3 million yuan [2] - The gross margin for Anta decreased by 0.9 percentage points to 53.6%, and the operating profit margin decreased by 0.3 percentage points to 20.7%, primarily due to increased costs in professional products and a higher proportion of e-commerce sales [2] - The company projects low single-digit revenue growth for the Anta brand in 2026, with an operating profit margin around 20% [2] FILA - FILA's segment revenue reached 28.47 billion yuan in 2025, with a year-over-year increase of 6.9%. The brand established the "ONE FILA" core strategy, focusing on high-end sports fashion [3] - The brand's performance in elite sports like tennis and golf, along with a focus on key products such as polo shirts and dad shoes, has enhanced its competitive edge. The sales of the tech dad shoe family reached nearly 10 million pairs [3] - FILA's gross margin decreased by 1.4 percentage points to 66.4%, while the operating profit margin increased by 0.8 percentage points to 26.1%, with the gross margin decline attributed to a higher proportion of e-commerce sales [3] - The company anticipates mid-single-digit revenue growth for the FILA brand in 2026, with an operating profit margin around 25% [3] Other Brands - The other brands segment reported revenue of 17 billion yuan in 2025, with a year-over-year increase of 59.2%. DESCENTE's revenue surpassed 10 billion yuan, with an average monthly store efficiency of approximately 2.7 million yuan [4] - KOLON emerged as the fastest-growing brand within the group, with nearly 70% year-over-year growth, surpassing 6 billion yuan in revenue [4] - The acquisition of the German outdoor brand JACK WOLFSKIN in May 2025 is expected to enhance the brand matrix from mass to premium outdoor segments. The company has set a five-year global revitalization plan for the brand [4] - The gross margin for other brands decreased by 0.4 percentage points to 71.8%, and the operating profit margin decreased by 0.7 percentage points to 27.9%, primarily due to the impact of the JACK WOLFSKIN consolidation [4] - The company projects over 20% revenue growth for other brands (excluding JACK WOLFSKIN) in 2026, with an operating profit margin exceeding 25% [4] Amer Sports - Amer Sports contributed a net profit of 1.203 billion yuan to the group in 2025, significantly up from 198 million yuan in 2024, indicating a notable enhancement in profitability [4] Profit Forecast and Investment Rating - Considering the consolidation of JACK WOLFSKIN in May 2025, the company expects to remain in an adjustment phase in 2026, which may continue to impact profitability. The company anticipates a one-time gain of approximately 1.6 billion yuan from the Amer Sports placement in 2026 [5] - The net profit forecasts for 2026 and 2027 have been adjusted to 15.6 billion yuan and 15.71 billion yuan respectively, with a projected profit of 17.48 billion yuan for 2028, corresponding to P/E ratios of 12/12/11X, maintaining a "buy" rating [5]

Core Viewpoint - Anta Sports is expected to achieve a revenue of 80.22 billion yuan in 2025, representing a year-on-year increase of 13%, with a net profit attributable to shareholders of 13.59 billion yuan, also up 14% when excluding the one-time impact of AMER [1] Group 1: Financial Performance - In the second half of 2025, Anta Sports achieved a revenue of 41.68 billion yuan, a year-on-year increase of 12%, and a net profit of 6.56 billion yuan, up 13% [1] - The company plans to distribute a final dividend of 2.66 billion yuan, with a total annual dividend of 6.2 billion yuan, accounting for 50.1% of the adjusted net profit attributable to shareholders [1] Group 2: Brand Performance - Major brands showed steady growth, with outdoor brands continuing to experience high growth. Revenue growth for Anta, FILA, and other brands in 2025 was +4%, +7%, and +59% respectively [1] - The overseas business is expected to grow approximately 70% year-on-year, indicating initial success in international expansion [1] - FILA's revenue is projected to increase by 7% in 2025, driven by strong performance in tennis and golf categories [1] Group 3: Margin and Operational Performance - Anta and FILA's gross margins decreased by 0.9 and 1.4 percentage points to 53.6% and 66.4% respectively, primarily due to increased investment in professional products and a higher online sales ratio [2] - Anta's operating profit margin (OPM) slightly declined by 0.3 percentage points to 20.7%, while FILA's OPM increased by 0.8 percentage points to 26.1%, attributed to better rent control [2] - Government subsidies increased by 560 million yuan to 2.8 billion yuan, contributing to the company's better-than-expected performance [2] Group 4: Future Outlook - The company is expected to face a transitional year in 2026, with short-term profit margins potentially under pressure. However, the mid-term outlook remains positive with the global expansion strategy showing initial results [2] - Projected net profits for 2026-2028 are estimated at 14 billion, 15.5 billion, and 17.3 billion yuan respectively, corresponding to current valuations of 13X, 12X, and 11X [2]

中国女装行业已由规模扩张转向质量提升，设计师品牌赛道价值凸显。根据欧睿数据，2025 年中国女 装市场规模预计为10592 亿元，同比增长约1%。按价格带拆分，大众女装（大众价位）占比接近6 成， 中端女装占比约3 成，高端女装占比1 成，但过去10年高端女装增速明显更快，是行业增长的重要驱 动。尤其是设计师品牌凭借独特的设计语言与高质价比，精准契合中产群体消费理性的同时，又追求个 性化、品质化以及情绪价值的需求，成为女装市场潜力巨大的细分赛道。女装行业竞争格局仍较为分 散， CR10由2016 年4.6%提升至2024 年8.1%，集中度小幅提升。品牌内部表现分化，优衣库、波司登 及运动类品牌市占率持续提升，而传统快时尚女装品牌份额下滑。 机构：申万宏源研究 研究员：刘佩/王立平 江南布衣为设计驱动的中高端设计师品牌集团，以多品牌矩阵覆盖家庭全生命周期消费，以粉丝运营与 数智化工具提升运营效率，未来有望持续深化品牌壁垒，拓展渠道与品类增量，巩固优势地位，首次覆 盖，给予"买入"评级。预计公司FY26-28 年收入增长7%/7%/6%至59.6/63.9/67.8 亿元，归母净利润增长 9%/7%/7%至9. ...

Gone are the days when fashionistas worth their Vogue subscription wore Lululemon leggings for the coffee run, school run or just to run. Hotter rivals are gaining ground https://t.co/sGY7oRKSbK ...