$LI NING(02331)$ Q1 business performance beat expectations.Under the impact of the pandemic in 2022, Li Ning faced pressure from a high base in the first quarter, but inventory levels remained relatively healthy. The Li Ning brand (excluding Li Ning YOUNG) saw median year-on-year growth in retail sales across all channels in the first quarter, with direct-operated and wholesale channel sales increasing by mid-teens to low-twenties YoY for January-February due to incomplete recovery of foot traffic and consumer enthusiasm as well as a high base last year. As retail conditions gradually improved, offline sales growth further increased by nearly 30% in March. Net additions of 20/-109 stores were made this quarter compared to net additions of 273/61
"Buy the Rumor, Sell the News": A Good Trading Strategy or Not?
"Buy the rumor, sell the news" refers to a trading strategy where a trader buys a security based on speculation about an upcoming news announcement or data, and then sells the security once the news is made public.
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