Pop Mart Revenue Falls Up to 50% in Third Quarter as Labubu Sales Weaken
Overseas sales shrank by more than half and online sales in China slumped, deepening a slowdown that first showed in the toy maker's interim results.
Consumer & Retail
Consumer
- Earnings
Japan Tobacco Raises Profit Forecast to Record 662 Billion Yen as Ploom Sales Jump
Price increases did most of the work, while heated tobacco volumes rose nearly 40% and Ploom gained share in Japan.
- Consumer
Anta and Li Ning Report Falling Third-Quarter Sales as China's Sportswear Demand Cools
Anta's flagship brand slipped into a mid-single-digit decline and Fila shrank too, while its other labels, including outdoor brands Descente and Kolon Sport, kept growing.
- Earnings
Amorepacific Operating Profit Rises 25% in Third Quarter as Aestura and Korea Sales Climb
Home sales and a derma brand drove the gain, but net profit fell 14.3% on non-operating costs and its Innisfree and Etude unit shrank.
- Consumer
Luckin Profit Jumps 45%, Yum China's 10%, Even as Same-Store Sales Fall Up to 11%
China's top coffee chain and restaurant company are earning fatter margins, but older stores are selling less against last year's subsidy-inflated base.
- Autos
Hyundai and Kia Post Record October U.S. Sales of 153,460 Vehicles as Hybrids Surge
Kia's sales rose 16% and Hyundai's 5%, but tariff costs, a firmer won and Hyundai's reduced targets keep investors focused on margins.
- Consumer
Shiseido Lifts Full-Year Profit Forecast 48% to 62 Billion Yen as Nine-Month Sales Rise 6.8%
Japan's largest cosmetics maker swung back to profit through September on cost cuts and a weaker yen, but its chief executive says sales are still growing too slowly.
- Consumer
JD.com Completes 1.3 Billion Euro Ceconomy Takeover, Taking Control of MediaMarkt
The Chinese retailer now controls the owner of more than 1,000 European electronics stores, days before it reports third-quarter results on Nov. 17.
- Retail
Isetan Mitsukoshi Raises Profit Forecast to 86 Billion Yen as Tourist Sales Jump 24%
The Isetan and Mitsukoshi operator posted record first-half profit, raised its dividend and said foreign shoppers spent a monthly record in October before the tax-free rules changed.
- China ConsumerAnalysis
JD, Alibaba and Xiaomi Results Will Test China Spending After 4.8% Singles' Day Growth
Six Hong Kong-listed consumer companies report over the next two weeks, starting with JD.com on Nov. 17, after Singles' Day growth slowed to 4.8% and 1.1% retail sales growth in September.
- India Autos
Maruti Suzuki Sells Record 276,120 Vehicles in October as India's Festive Car Demand Peaks
India's largest carmaker lifted sales 25% from a year earlier, with exports up 59% and utility vehicle sales up 26%, ahead of Diwali buying in November.
- Consumer
Midea and Haier Report Falling Third-Quarter Revenue as China Appliance Demand Weakens
Midea's headline profit rose 26% on investment gains, but its core earnings fell 15.7% and Haier's profit slid 12% as a stronger yuan cut into results.
- Consumer
Grab Shares Jump 17.5% in Two Days as It Raises Forecast on Record 57 Million Users
Southeast Asia's superapp grew revenue 27% and its financial services arm posted its first EBITDA profit, though a fair-value loss held net profit to $18 million.
- Autos
India Car Sales Hit Record 519,060 in October as Scooter Sales Jump 31.6%, SIAM Data Show
Factory dispatches of passenger vehicles rose 12.4%, but Diwali's shift into November means dealers, not buyers, absorbed much of the surge.
- Consumer
Jollibee Third-Quarter Sales Rise 15.6% as Overseas Arm Nears Half of Group Before Spinoff
Vietnam and Highlands Coffee drove a 19.1% jump in international sales, but spinoff costs and a legal accrual held profit growth to 7.4%.
- Autos
Toyota Raises Profit Forecast to 3.57 Trillion Yen on Hybrids, Weak Yen, Lower Tariffs
Toyota posted its first rise in first-half net profit in three years, even as global retail vehicle sales fell 4.6% and raw material costs bit.
- Luxury
Richemont First-Half Profit Jumps 39% as Japan Sales Rise 30% and Hong Kong Leads China Region
The Cartier owner's Asia Pacific sales rose 16% at constant rates, but its watch brands still found China soft and gold costs weighed on margins.
- India Consumer
Hindustan Unilever Sales Grow 15%, Fastest in 14 Quarters, but Costs Squeeze Margins
India's largest consumer goods maker sold 7% more by volume against a weak, GST-disrupted base, while commodity inflation cut its gross margin by about 4 points.
- Japan Retail
Seven & i Sells 110 Billion Yen of Bonds as U.S. 7-Eleven Profit Offsets Japan Slide
The 7-Eleven owner paid 3.568% for 10-year money as overseas stores carried first-half profit and Japanese earnings fell.
- E-Commerce
China Singles Day Sales Reach 1.78 Trillion Yuan as Growth Slows and Instant Retail Jumps
Data firm Syntun's tally points to growth of about 5% from last year's festival, with quick-delivery services from Alibaba, Meituan and JD growing far faster than classic online shopping.
