Express News | Li Ning announced that same-store retail sales across all platforms declined by a low single-digit percentage year-over-year in the second quarter.

BreakingsJul 15 16:42

Li Ning's 2H Earnings Likely to Be Pressured by Brand-Building Costs -- Market Talk

WSJ16minutes ago

《Major Brokerage》Bank of America Securities lowered Li Ning's (02331.HK) target price to HK$20.8, citing downside risks to revenue guidance.

Bank of America Securities issued a report stating that, excluding Li Ning YOUNG, Li Ning (02331.HK) recorded a low single-digit year-over-year decline in retail sales in the second quarter of 2026. Including children's wear, sales were flat—marking a notable slowdown compared to the mid- to high-single-digit growth seen in the first quarter—primarily due to weak store traffic and increased discounting. On a positive note, channel inventory levels and inventory aging remain healthy. The firm believes Li Ning’s full-year guidance for high single-digit revenue growth faces downside risks, though it considers this scenario already fully priced in by the market. It has also downgraded its 2026/2027 earnings per share forecasts by 10%.

AASTOCKS10:49

UBS Group cuts Li Ning (02331.HK) target price to HK$24.6, citing higher promotional expenses in the second half as a challenge.

UBS Group issued a research report stating that, excluding Li Ning YOUNG, Li Ning (02331.HK) recorded a low single-digit year-over-year sales decline in the second quarter of 2026, in line with the firm’s expectations but below management’s guidance. During the period, retail and wholesale channels posted low single-digit and mid-to-low single-digit declines, respectively, while online sales achieved mid-single-digit growth; Li Ning YOUNG reported low double-digit year-over-year sales growth. Management maintained its full-year guidance for high single-digit revenue growth and high single-digit net profit margin, but UBS Group believes achieving these targets will be challenging due to weak sales momentum, pricing discount pressures, and rising promotional expenses. The firm noted that in the second quarter, the company underperformed...

AASTOCKS10:34

Li Ning (02331.HK): Maintaining Strategic Resolve and Proactively Navigating a Volatile Retail Environment

Company Update: The company announced its operational performance for Q2 2026: retail sales value across all platforms for the Li Ning brand (excluding Li Ning YOUNG) declined by a low single-digit percentage year-over-year; as of quarter-end, the number of Li Ning sales points (excluding Li Ning YOUNG) stood at 6,063, reflecting a net decrease during the quarter.

CICC08:41

Li Ning's Retail Sell-Through Down in Q2

MT NewswiresJul 15 18:50