HK-listed sportswear firm Xtep fall on slower sales growth

Xtep International Holdings

18/10/2019 03:50

** Shares of Xtep International Holdings Ltd  1368.HK  fall
as much as 7.2% to HK$4.93, on track to end four straight
sessions of gain, after the China home-grown sportswear maker
posted slower growth in sales
    ** Says same-store sales value up 10% year-on-year for
three-month quarter ended Sept with retail discount level of
22%-25%  urn:newsml:reuters.com:*:nFWN27206V
    ** That compared with low-teens growth in same-store sales
value in previous April-June quarter with retail discount level
of 20%-25%  urn:newsml:reuters.com:*:nFWN24D03M 
    ** Co says retail sales growth moderated in Sept amid high
sales base, while warm weather affected its stores' sales
performance with the launch of Fall/Winter collections 
    ** Brokerage CMB International says Xtep's Q3 sales are a
slight miss with an increasing retail discounts as growth
softened amid warm weather conditions
    ** As of Thursday's close, stock up 24.9% this year
    ** Fujian-based Xtep has outperformed the Hang Seng Commerce
& Industry Index sector  .HSNC  by 25.4 percentage points in the
past one month
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.4%, and the benchmark index  .HSI  gains 0.3%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)