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

Dow Jones2025-12-23

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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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. 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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. 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