Topic：Li Ning

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Li Ning’s third-quarter retail sales improve month by month: children’s wear brings overall sales flat, special dividend under discussion

Citi says Li Ning’s retail sales returned to year-on-year growth in August and September, and the trend of deepening discounts is easing. However, the core brand and offline franchise channel remain in decline, while National Day sales were subdued.

Citi · 2026.10.30 02:25

Li Ning’s third-quarter sales remain weak: Direct retail improves, full-year growth target under pressure

Li Ning brand retail sales fell by a low-single-digit percentage year on year in the third quarter. Direct retail sales were flat, but wholesale remained weak. Nomura cut its earnings forecasts and target price, saying brand investment supports long-term brand recognition, while a sluggish industry constrains near-term sales returns.

Nomura · 2026.10.30 02:43