Daiwa publishes reportvideopokernearme, quote Xtep (1368videopokernearme.HK) Management pointed out that retail sales have recorded year-on-year growth on track so far from the second quarter, discount levels and channel inventories have improved, maintaining overall revenue growth of more than 10% this yearvideopokernearmeWhile guidance remained unchanged, revenue for the Saucony&Merrell brand increased by 30% to 40%.
The bank maintains its buy rating and believes that after the sale of K-Swiss and Palladium, earnings visibility will improve significantly, driving an increase in earnings forecast and rating revaluation, and raising its target price from HK$6 to HK$6.videopokernearme.7 Hong Kong dollars. The bank raised its Xtep earnings per share forecast for this year to 2026 by 3% to 5%, to reflect the re-integration after the sale of the K-Swiss and Palladium brands and the financial impact of related transactions.
