Company Reports

Anta's sales grew 13% in the first half amid challenging macroeconomic conditions, driven by the continued momentum of its multiband portfolio. Fila's growth improved, supported by double-digit growth in its tennis and golf categories, as well as strong apparel demand.

Anta's diverse multibrand portfolio, spanning from mass-market to ultra-premium segments, equips the company to buffer against challenges, such as fashion missteps or economic downturns, which may impact individual brands. As China's largest domestic sportswear company, Anta initially built its success on offering value-driven products, targeting demographics underserved by international competitors. However, the Anta brand has evolved beyond this distribution-focused strategy. Through high-profile sponsorships of athletes like Klay Thompson and Kyrie Irving, and a partnership with the Chinese Olympic team, the brand has significantly elevated its brand equity.

Anta Sports reported mid-single-digit retail sales growth as a group in the second quarter, with low-single-digit growth at both the namesake Anta brand and Fila, while other brands grew 25%-30%. The firm also announced the step-down of Anta brand CEO Xu Yang and appointed an interim CEO.

Anta Sports delivered sequentially accelerating retail sales growth in the first quarter. The Anta brand grew at a high-single-digit rate, Fila posted low-teens growth, and other brands (mainly Descente and Kolon) grew 40%-45%. Full-year 2026 guidance is unchanged.

Anta Sports’ second-half revenue grew 12% year on year, while operating profit increased 13%. However, management's 2026 guidance points to a moderation in revenue growth, reflecting a slowdown at the core Anta brand and near‑term financial headwinds from recent acquisitions.

Anta's diverse multibrand portfolio, spanning from mass-market to ultra-premium segments, equips the company to buffer against challenges, such as fashion missteps or economic downturns, which may impact individual brands. As China's largest domestic sportswear company, Anta initially built its success on offering value-driven products, targeting demographics underserved by international competitors. However, the Anta brand has evolved beyond this distribution-focused strategy. Through high-profile sponsorships of athletes like Klay Thompson and Kyrie Irving, and a partnership with the Chinese Olympic team, the brand has significantly elevated its brand equity.

Anta Sports is acquiring a 29% stake in Puma from the Pinault family’s Artémis at EUR 35 per share, for a total consideration of EUR 1.5 billion (about CNY 12.3 billion). The purchase will be funded entirely with Anta's existing cash. Closing remains subject to antitrust reviews.

Anta reported fourth-quarter 2025 operating results, with retail sales rising roughly 8% year on year. Management expects the operating margin to come under pressure in 2026 due to brand-building expenses tied to upcoming major sporting events.

Anta's diverse multibrand portfolio, spanning from mass-market to ultra-premium segments, equips the company to buffer against challenges, such as fashion missteps or economic downturns, which may impact individual brands. As China's largest domestic sportswear company, Anta initially built its success on offering value-driven products, targeting demographics underserved by international competitors. However, the Anta brand has evolved beyond this distribution-focused strategy. Through high-profile sponsorships of athletes like Klay Thompson and Kyrie Irving, and partnership with the Chinese Olympic team, the brand has significantly elevated its brand equity.

Anta Sports reported a further slowdown in sales growth for the third quarter of 2025, with total retail sales up about 9%. In response, management lowered its full-year revenue growth guidance for the Anta brand, while maintaining the outlook for its other brands.

Anta's diverse multibrand portfolio, spanning from mass-market to ultra-premium segments, equips the company to buffer against challenges, such as fashion missteps or economic downturns, which may impact individual brands. As China's largest domestic sportswear company, Anta initially built its success on offering value-driven products, targeting demographics underserved by international competitors. However, the Anta brand has evolved beyond this distribution-focused strategy. Through high-profile sponsorships of athletes like Klay Thompson and Kyrie Irving, and partnership with the Chinese Olympic team, the brand has significantly elevated its brand equity.

Anta Sports' first-half 2025 revenue increased by 14% year over year, with core operating profit rising by 17%. Full-year sales guidance is largely unchanged, as lower Anta-brand guidance was offset by higher guidance for Descente and Kolon.

Major sportswear companies in China released second-quarter 2025 updates this week. Sales growth in the industry has slowed down sequentially as consumers pull back discretionary spending.

Anta Sports reported around 11% year-on-year retail sales growth in the second quarter of 2025, marking a slowdown compared with the previous quarter. Despite this moderation, management remains optimistic about achieving the company’s full-year guidance.

Anta Sports reported around 16% year-on-year retail sales growth in the first quarter of 2025, marking an acceleration from the previous quarter. Management reaffirmed its full-year guidance for low-teens revenue growth, while acknowledging uncertainties related to trade tensions.

Anta's diverse multibrand portfolio, spanning from mass-market to ultra-premium segments, equips the company to buffer against challenges, such as fashion missteps or economic downturns, which may impact individual brands. As China's largest domestic sportswear company, Anta initially built its success on offering value-driven products, targeting demographics underserved by international competitors. However, the Anta brand has evolved beyond this distribution-focused strategy. Through high-profile sponsorships of athletes like Klay Thompson and Kyrie Irving, and partnership with the Chinese Olympic team, the brand has significantly elevated its brand equity.

Anta Sports reported its second-half earnings, with revenue up 13% and operating profit rising 8% year over year. The company also provided a set of guidance, translating to low-teens percentage revenue growth in 2025, while lowering its operating margin outlook for Fila to 25%.

Anta's diverse multibrand portfolio, spanning from mass-market to ultra-premium segments, equips the company to buffer against challenges, such as fashion missteps or economic downturns, which may impact individual brands. As China's largest domestic sportswear company, Anta initially built its success on offering value-driven products, targeting demographics underserved by international competitors. However, the Anta brand has evolved beyond this distribution-focused strategy. Through high-profile sponsorships of athletes like Klay Thompson and Kyrie Irving, and partnership with the Chinese Olympic team, the brand has significantly elevated its brand equity.

Anta Sports reported fourth-quarter 2024 operating data, with group-level retail sales up 13% year over year.

Anta's diverse multibrand portfolio, spanning from mass-market to ultra-premium segments, equips the company to buffer against challenges, such as fashion missteps or economic downturns, which may impact individual brands. As China's largest domestic sportswear company, Anta initially built its success on offering value-driven products, targeting demographics underserved by international competitors. However, the Anta brand has evolved beyond this distribution-focused strategy. Through high-profile sponsorships of athletes like Klay Thompson and Kyrie Irving, and partnership with the Chinese Olympic team, the brand has significantly elevated its brand equity.