Xtep International Holdings ( (HK:1368) ) has provided an announcement.
Xtep International Holdings Limited reported a 6.5% increase in revenue from its continuing operations, reaching RMB13,577.2 million for 2024, driven by the steady performance of the core Xtep brand and substantial growth in the professional sports segment. The company achieved a record profit attributable to ordinary equity holders of RMB1,238.4 million, marking a 20.2% increase. Following the strategic divestiture of K•Swiss and Palladium, Xtep has realigned its strategy to prioritize running and enhance its direct-to-consumer initiatives, inspired by Saucony’s success, to foster brand loyalty and improve customer engagement.
More about Xtep International Holdings
Xtep International Holdings Limited is a company incorporated in the Cayman Islands, operating within the sportswear industry. It primarily focuses on the production and sale of sports apparel and footwear, with a significant emphasis on its core Xtep brand and professional sports segment. The company has a strategic market focus on running and direct-to-consumer initiatives, with a presence in Mainland China and overseas.
YTD Price Performance: 2.71%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.89B
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