Topsports International Holdings Ltd

06110: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Topsports Earnings: Improved Efficiency Partially Offsets Demand Weakness; Cut Fair Value by 11%

Ivan Su , Junhao Yang

May 29, 2026

Topsports' revenue declined by 3.7% year on year in the second half of fiscal 2026 (ended February) due to Nike's marketplace cleanup. However, operating profit grew by 11.9%, as store efficiency improvement measures started to take effect.

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Topsports International Holdings Ltd

Topsports Earnings: Improved Efficiency Partially Offsets Demand Weakness; Cut Fair Value by 11%

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