Xtep International Holdings Limited has released an operational update for its business in Mainland China, covering the second quarter and the first half of 2025. The Core Xtep brand experienced low single-digit year-on-year growth in retail sell-through during the second quarter, encompassing both offline and online channels. For the entire first half of the year, the Core Xtep brand achieved mid single-digit year-on-year growth, with channel inventory turnover maintained between 4 to 4.5 months. Retail discount levels for the Core Xtep brand were reported at 25% to 30%. Meanwhile, the Saucony brand exhibited significant growth, with more than 20% year-on-year increase in retail sell-through for the second quarter, and more than 30% for the first half of 2025. Saucony's channel inventory turnover also stood at 4 to 4.5 months. The announcement emphasizes that these figures are based on unaudited operational data and advises shareholders and potential investors to exercise caution in their dealings.
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