Topsports' FY 2026 Net Profit Guidance Could Face Pressure -- Market Talk

Dow Jones

2025/12/23

0156 GMT - Topsports International could see some pressure on its management's net profit guidance for the fiscal year ending in February 2026, after a decline in its September-November quarter sales, say Citi analysts in a note. The Chinese sportswear company, a major Nike retailer, usually sees slower sales in December compared with September-November, according to its management. Still, Topsports' gross profit margin could benefit from Nike offering more wholesale discounts to Chinese retailers, the analysts say. Nike's move to accelerate taking back aged inventories from Chinese retailers could also improve Topsports' inventory mix and cash flow, they say. Citi retains its buy rating and HK$3.80 target price. Shares fall 3.2% to HK$3.02. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

December 22, 2025 20:56 ET (01:56 GMT)

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The Chinese sportswear company, a major Nike retailer, usually sees slower sales in December compared with September-November, according to its management. Still, Topsports' gross profit margin could benefit from Nike offering more wholesale discounts to Chinese retailers, the analysts say. Nike's move to accelerate taking back aged inventories from Chinese retailers could also improve Topsports' inventory mix and cash flow, they say. Citi retains its buy rating and HK$3.80 target price. Shares fall 3.2% to HK$3.02. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 22, 2025 20:56 ET (01:56 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Topsports' FY 2026 Net Profit Guidance Could Face Pressure -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTopsports' FY 2026 Net Profit Guidance Could Face Pressure -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-23 09:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0156 GMT - Topsports International could see some pressure on its management's net profit guidance for the fiscal year ending in February 2026, after a decline in its September-November quarter sales, say Citi analysts in a note. The Chinese sportswear company, a major Nike retailer, usually sees slower sales in December compared with September-November, according to its management. Still, Topsports' gross profit margin could benefit from Nike offering more wholesale discounts to Chinese retailers, the analysts say. Nike's move to accelerate taking back aged inventories from Chinese retailers could also improve Topsports' inventory mix and cash flow, they say. Citi retains its buy rating and HK$3.80 target price. Shares fall 3.2% to HK$3.02. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 22, 2025 20:56 ET (01:56 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"06110","symbol_name":"滔搏","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2593457650","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2593457650","pubTimestamp":1766454960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0156 GMT - Topsports International could see some pressure on its management's net profit guidance for the fiscal year ending in February 2026, after a decline in its September-November quarter sales, say Citi analysts in a note. The Chinese sportswear company, a major Nike retailer, usually sees slower sales in December compared with September-November, according to its management. Still, Topsports' gross profit margin could benefit from Nike offering more wholesale discounts to Chinese retailers, the analysts say. Nike's move to accelerate taking back aged inventories from Chinese retailers could also improve Topsports' inventory mix and cash flow, they say. Citi retains its buy rating and HK$3.80 target price. Shares fall 3.2% to HK$3.02. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"06110":"滔搏","BK1512":"体育用品","BK1114":"服装零售"},"translate_title":"滔搏2026财年净利润指引可能面临压力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"06110":0.9},"content_text":"0156 GMT - Topsports International could see some pressure on its management's net profit guidance for the fiscal year ending in February 2026, after a decline in its September-November quarter sales, say Citi analysts in a note. The Chinese sportswear company, a major Nike retailer, usually sees slower sales in December compared with September-November, according to its management. Still, Topsports' gross profit margin could benefit from Nike offering more wholesale discounts to Chinese retailers, the analysts say. Nike's move to accelerate taking back aged inventories from Chinese retailers could also improve Topsports' inventory mix and cash flow, they say. Citi retains its buy rating and HK$3.80 target price. Shares fall 3.2% to HK$3.02. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 22, 2025 20:56 ET (01:56 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}