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Guosen: Changes in competitive trends of sports brands for 2024 and outlook for 2025.
Against the backdrop of a continued increase in domestic residents' participation in sports, the advantages of functional product growth are expected to continue, with brands that have product word-of-mouth effects and Technology upgrades benefiting from growth dividends.
361 Degrees International's (HKG:1361) Five-year Earnings Growth Trails the 31% YoY Shareholder Returns
361 Degrees International Announces Upcoming Board Meeting
361 DEGREES: NOTICE OF BOARD MEETING
【Brokerage Focus】HAITONG SEC maintains a "Outperform" rating on 361 DEGREES (01361) and is Bullish on the improvement of e-commerce profitability.
Jinwu Financial News | HAITONG SEC's research report indicates that in 24Q4, 361 DEGREES (01361) saw a 10% year-on-year increase in offline revenue from its main brand (24Q3: +10%, 23Q4: +20+%). The online revenue for children's clothing increased by 10-15% year-on-year (24Q3: +10%, 23Q4: +40%), and e-commerce revenue increased by 30-35% year-on-year (24Q3: +20+%, 23Q4: +30+%). Despite a high growth base in 23Q4, solid growth was still achieved, with offline and online sales of children's clothing accelerating month-on-month. The firm determines that in October and November, the combination of holidays and the Singles' Day Sales will encourage flows.
[Brokerage Focus] SWHY maintains Buy rating for 361 DEGREES (01361), indicating it has both high cost-performance and strong functional advantages.
Jin Wu Financial News | SWHY released a Research Report indicating that 361 DEGREES (01361) announced its operational data for the fourth quarter of 2024, with terminal sales continuing to show impressive performance. In the fourth quarter of 2024, the company's main brand experienced a 10% growth in offline sales, while children's clothing saw a growth of 10-15%, which accelerated from the 10% increase in the third quarter, meeting expectations. E-commerce grew by 30-35%, maintaining strong performance, and significantly accelerating compared to the 20% growth in the third quarter. Inventory levels have decreased, and discount rates remain stable. Analyzing by channel, online platforms showed remarkable growth, and offline channels are continuously upgrading. 1) The online channel performed impressively. 2) Offline stores.
Earnings Update: 361 Degrees International Limited (HKG:1361) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts
