Xtep Posts Modest Core Growth but Strong Saucony Momentum in Q1 2026
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Xtep International Holdings reported modest core growth for its Xtep brand with low single-digit retail sell-through growth in Q1 2026, while its Saucony brand saw over 20% growth. Average retail discounts were between 25% and 30%, with inventory turnover at 4.5 months. Despite a cautious retail environment, Saucony's performance indicates strong consumer demand for premium running products. Analysts rate the stock as a Buy with a target price of HK$7.40. Xtep operates in the Chinese sportswear market, focusing on athletic footwear and apparel.
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