Xtep International's main brand retail sales in Q1 up 20% y-o-y

On April 11, Xtep International Holdings Co., Ltd. released the business operation status in Chinese mainland for the first quarter of 2023.

In the three months ended March 31, 2023, the retail sales growth of Xtep's main brand (including online and offline channels) increased by about 20% year-on-year, the retail discount level was 20% to 25% off, and the channel inventory turnover was less than five months.

According to previous reports, Xtep International achieved a total revenue of 12.93 billion yuan in 2022, a year-on-year increase of 29.1%. Among them, Xtep International's main brand contributed 11.128 billion yuan in revenue, a year-on-year increase of 25.9%. The fashion sports segment and professional sports segment contributed 1.403 billion yuan in revenue and 400 million yuan in revenue, with a year-on-year growth rate of 44.4% and 99.0% respectively.