Shares of 361 DEGREES International Ltd, a leading sportswear brand in China, plummeted 5.22% on October 14th despite the company reporting positive retail sales growth for the third quarter of 2024.
According to a company statement, retail sales of 361° core branded products grew 10% year-over-year in Q3, while sales of 361° kids branded products and e-commerce products also recorded double-digit growth of 10% and over 20%, respectively.
However, investors appeared to be disappointed with the sales figures, which may have fallen short of market expectations. The stock sell-off could also be attributed to broader market concerns or other factors not directly related to the company's Q3 sales performance.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。