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Article Date: August 2024
Word Count: 340

Xtep Posts Double-Digit H1 Growth


Net income increased 13% in the first half to RMB 752,065,000 ($103.9 mm) from RMB 665,417,000 as the top line hit RMB 7,203,158,000 ($994.9 mm), a 10% improvement from RMB 6,522,437,000 last year. The core Xtep brand grew by 7% to RMB 5,789.2 million, led by a more than 20% jump in e-commerce sales to account for over 30% of brand sales. Store count at the end of the quarter was 6,578 for the core brand and another 1,706 Xtep Kids stores in Mainland China.

 

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