Li Ning Could See Continued Retail Sales Decline in 3Q
Dow Jones
Aug 21
0432 GMT - Li Ning could see a continued decline in 3Q retail sales, say Citi analysts in a note, citing management's comments that 3Q retail sales are "under pressure without sequential improvement versus 2Q." In an analyst briefing, the Chinese sportswear company cut its 2026 sales growth guidance to a low-single-digit percentage from a high-single-digit percentage, and lowered its full-year net profit margin forecast. Citi expects consensus estimates to be trimmed in the near term, given the dialed-back guidance and a lack of visible share-price catalysts. Citi maintains its buy rating and 20.90 Hong Kong dollar target price, but prefers peer Anta to Li Ning. Li Ning shares fall 0.8% to HK$14.34.
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