Anta Sports may see third-quarter profit weighed by discounts and Puma stake
China Galaxy International analysts expect Anta Sports' Q3 earnings to face pressure from discounts and its Puma stake. Target price cut to HK$108, rating kept.
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what happened
According to Market Talk, citing a note from China Galaxy International analysts, Anta Sports' third-quarter earnings per share could come under pressure. The reasons cited are deeper discounts than expected and the completed acquisition of a stake in loss-making Puma.
The Chinese sportswear maker's retail sales fell by a mid-single-digit percentage year on year in the third quarter. The analysts link this to softer demand, extreme weather and heavier promotions across the industry. They have cut their 2026-2028 EPS estimates by 8% to 11%.
The target price has been lowered to HK$108 from HK$120, while the add rating is retained, as the analysts believe Anta could improve its margins in 2027-2028. Shares rose 3.5% to HK$75.55.
why it matters
The story concerns one company, but it highlights margin pressure in China's sportswear sector. Discounts and the consolidation of loss-making Puma limit near-term profit, while margin recovery is expected later, according to the analysts.
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sources
- Anta Sports Products' 3Q Earnings Could Be Weighed by Discounts, Puma — Market Talk, 23 October 2026 at 02:49 UTC
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