ANTA Sports Products (2020) Q2 2025 earnings summary

Executive summary

• ANTA brand retail sales grew low-single digit in Q2 2025 and mid-single digit in H1 2025 year-over-year.

• FILA brand retail sales increased mid-single digit in Q2 2025 and high-single digit in H1 2025 year-over-year.

• All other brands (excluding new additions post-April 2025) saw 50-55% growth in Q2 2025 and 60-65% in H1 2025 year-over-year.

Segment performance

• ANTA brand showed consistent positive growth, with acceleration from Q2 to H1 2025.

• FILA brand outperformed ANTA, especially in the first half, with high-single digit growth.

• Other brands delivered robust double-digit growth, significantly outpacing core brands.

Significant events and developments

• Retail sales figures exclude Amer Sports and brands acquired after April 1, 2025.

• Retail sales data include both online and offline channels, covering direct and distributor-operated stores.