Topsports International Holdings Limited (HK:6110) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Topsports International Holdings Limited anticipates a 35% drop in profits for the first half of the fiscal year ending August 31, 2024, compared to the same period last year. The decline is primarily attributed to weakened consumer sentiment affecting retail sales and increased promotional discounts, both online and offline, impacting the company’s gross profit margin. The final interim results are still being prepared and are expected to be published before the end of October 2024.
For further insights into HK:6110 stock, check out TipRanks’ Stock Analysis page.