Company Performance - The company has raised its full-year performance guidance, expecting a revenue growth of 23%-24% year-on-year, with an adjusted gross margin of approximately 58%. The projected revenue range is between $6.37 billion and $6.42 billion [2] - The actual performance compared to the guidance may influence market sentiment, with the full-year financial report expected to be released after the fiscal year ends [2] Business Development - The company plans to continue expanding its store network in 2026, with the Salomon brand expected to open 7-10 new stores in the core North American market and further expand its retail presence in Greater China [3] - The revenue growth target for 2026 is set towards a low double-digit to mid-teens range, with an adjusted operating profit margin expected to expand by 30-70 basis points annually [3] Industry Policy and Environment - The General Administration of Sport announced in February 2026 the introduction of measures to promote event economy, including hosting international events and integrating business, travel, and sports, which may provide a macro favorable environment for the sports goods industry [4] - As a high-end outdoor brand group, the company may indirectly benefit from these industry policies [4]