HK Stock Market Move | TOPSPORTS(06110) fell nearly 5% in the third quarter, with total sales in retail and wholesale businesses decreasing significantly on a year-on-year basis.

TOPSPORTS (06110) fell by nearly 5%, dropping by 4.81% to HK$2.97 as of the time of writing, with a trading volume of 37.7731 million Hong Kong dollars. In terms of news, TOPSPORTS announced that in the third quarter of the 2025/26 fiscal year, the total sales amount of the Group's retail and wholesale business recorded a high single-digit decline year-on-year. As of November 30, 2025, the gross sales area of company-operated stores decreased by 1.3% compared to the end of the previous quarter and decreased by 13.4% compared to the same period last year. CICC research report pointed out that the performance of the sports shoes and apparel market has been relatively weak since the third quarter, with TOPSPORTS's total sales amount for the retail and wholesale business in 3QFY26 dropping by a high single-digit percentage year-on-year, consistent with the company's previous expectations. Considering weak demand and the fact that key brands are still in an adjustment period, TOPSPORTS has lowered its FY26/27 EPS forecast by 4%/13% to HK$0.20/0.23.