Topsports International Holdings Ltd

06110: XHKG (HKG)
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Topsports: Sales Trend in Line Despite Weak Store Traffic; Maintaining Fair Value Estimate

Despite a double-digit year-over-year decline in store traffic and a 12.3% reduction in gross selling area during the May quarter, Topsports managed to limit its sales decline to just a mid-single-digit percentage, thanks to strong online growth.

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