15 May 2026
Anta announced its 1Q26 operational results, with retail sales for its Anta Core Brand recorded a HSD growth YoY (4Q25: -LSD, 3Q25: +LSD). The main reasons for 1Q26 YoY sales growth was due to i) a later CNY in 2026; ii) 200 new “Lighthouse” stores was opened to a total of 500 stores improved store efficiency by 25%; and iii) accelerating overseas expansion. Online sales was up by mid double digit YoY, compared with 4Q25 LSD growth, while offline sales saw HSD YoY growth, compared with negative growth in 4Q25. Retail inventory turnover was at a healthy level of slightly below 5 months (4Q25: slightly above 5 months), while offline retail discount at 28% (4Q25: 29%) and online retail discount was flat QoQ at 50%. 1Q26 sales exceeded full year expectations of a +LSD growth, and if the growth momentum continues, mgmt. said will consider revising its full year growth forecast. Breaking down adult/kidswear sales, adult offline/online sales growth was at +MSD/+LDD YoY, while kidswear recorded +HSD/+20% YoY. Overseas business continues to advance, with the brand step into India market for the first time this year, while the first flagship store in US also opened in 1Q26.