Li Ning Q1 2026 adult retail sales grew mid‑single digits YoY, below market expectations of mid‑to high‑single digit growth.
Kidswear sales surged over 20% YoY, lifting total retail sales to high‑single digit growth, while peers Anta, Fila, Xtep posted modest gains.
Shares fell 3.7% in Hong Kong; discounts widened low‑single digits YoY and inventory remained at five‑times turnover, deemed healthy.
Company reaffirmed FY2026 guidance of high‑single digit sales growth and net‑profit margin, monitoring market trends through the year.