Pop Mart shares fall 6% as cooling Labubu craze drives sharp Q3 sales drop
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com-- Pop Mart International Group Ltd (HK:9992) shares dropped as much as 6% to HK$123.8 on Wednesday, reaching an 18-month low after the company reported a sharp drop in its third-quarter sales amid cooling demand for its flagship Labubu figurines. Still guessing…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA sharp revenue drop at a high-profile consumer name, with the stock at an 18-month low.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Shares dropped as much as 6% to HK$123.8, an 18-month low.
- 02Unaudited Q3 2026 revenue fell 45% to 50% year on year.
- 03The decline hit all regions, with the Americas down 70% to 75%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets