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Article Date: March 2024
Word Count: 379

Xtep Topped $2 Billion in Revenue Last Year


Profits attributable to shareholders grew by 12% in 2023 to RMB 1,030,009,000 ($145.4 mm) from RMB 921,694,000, as the Chinese sportswear company’s revenues increased 11% to RMB 14,345,508,000 ($2,025.1 mm) from RMB 12,930,385,000. The Xtep brand’s sales gained 7% to RMB 11,947.4 million, powered by its focus on performance running and popularity with runners at all levels. Xtep said it was the #1 worn brand by participants in China’s four major marathons. Xtep is also active in basketball, where it is endorsed by the Milwaukee Bucks’ Malik Beasley. At year end ... Log in to view full article.

 


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