15 Oct 2024
Anta announced its 3Q24 operational results, with retail sales for its Anta Core Brand recorded a MSD growth YoY, decelerating from HSD growth in 2Q24. Both adult sales and kids sales grew by MSD YoY. Online sales recorded strong growth during the quarter and were up by +20% YoY, compared with 2Q24 20% YoY growth. Retail inventory turnover was at a healthy level of less than 5 months (same as 2Q24), while the online/offline retail discount rates were improved YoY/ flattish YoY.
CROSBY Research – Anta Sports (2020 HK/BUY): Robust sales growth in National Day Golden Week