📢 官方动态群内跟进
#POP MART’s Q3 revenue slumps by half
Labubu fever has already started to cool in the earnings report.
POP MART issued an announcement on Tuesday.
Third-quarter revenue fell 45% to 50% year over year.
The drop was steeper than the 30% the market had expected.
The regional breakdown makes it even clearer.
The Americas fell 70% to 75%.
Asia-Pacific fell 65% to 70%.
Mainland China fell 25% to 30%.
Europe and other regions fell 50% to 55%.
The share price weakened in response.
It’s already down more than 30% this year.
It fell as much as 6% intraday today.
Over the past 12 trading days, it closed lower on 9.
Jefferies cut its earnings forecasts for the next two years.
By 9% to 12%.
This time, the market is treating overseas store expansion as a burden.
Fourth-quarter revenue is expected to rise 3% quarter over quarter.
But it would still be down 34% year over year.
Older products are gradually being cleared through distribution channels.
For crypto, designer toys and meme coins are the same kind of business.
They’re priced on attention and kept alive by novelty.
When the tide goes out, no one can hold on to their premium.
Do you think this Labubu wave is just cyclical, or has the hype really faded? Let’s talk in the comments.
#POP MART’s Q3 revenue slumps by half
Labubu fever has already started to cool in the earnings report.
POP MART issued an announcement on Tuesday.
Third-quarter revenue fell 45% to 50% year over year.
The drop was steeper than the 30% the market had expected.
The regional breakdown makes it even clearer.
The Americas fell 70% to 75%.
Asia-Pacific fell 65% to 70%.
Mainland China fell 25% to 30%.
Europe and other regions fell 50% to 55%.
The share price weakened in response.
It’s already down more than 30% this year.
It fell as much as 6% intraday today.
Over the past 12 trading days, it closed lower on 9.
Jefferies cut its earnings forecasts for the next two years.
By 9% to 12%.
This time, the market is treating overseas store expansion as a burden.
Fourth-quarter revenue is expected to rise 3% quarter over quarter.
But it would still be down 34% year over year.
Older products are gradually being cleared through distribution channels.
For crypto, designer toys and meme coins are the same kind of business.
They’re priced on attention and kept alive by novelty.
When the tide goes out, no one can hold on to their premium.
Do you think this Labubu wave is just cyclical, or has the hype really faded? Let’s talk in the comments.
