Chinese collectible toy maker Pop Mart's revenue fell 45-50% year-over-year in the third quarter. The hardest blow hit foreign sales: in the Americas the drop reached 70-75%, in the Asia-Pacific region - 65-70%. The local market did not prevent the company from going down either. In mainland China, revenues fell by 25-30%, although the decline was noticeably milder than outside the country. This geography shows that the problems are not limited to one export direction: sales are falling in several regions, and international expansion is suffering more. The financial market already includes this result in the cost of the business. After the quarterly data was released, Pop Mart shares continued to decline, losing more than 30% since the start of the year. For the manufacturer, this is a double blow: the current income is reduced, and at the same time the assessment of future growth is getting worse. Foreign markets, which can support the company's scale, became the main source of decline. ΞKONOMICON.

Chinese collectible toy maker Pop Mart's revenue fell 45-50% year-over-year in the third quarter. The hardest blow hit foreign sales: in the Americas the drop reached 70-75%, in the Asia-Pacific region - 65-70%. The local market did not prevent the company from going down either. In mainland China, revenues fell by 25-30%, although the decline was noticeably milder than outside the country. This geography shows that the problems are not limited to one export direction: sales are falling in several regions, and international expansion is suffering more. The financial market already includes this result in the cost of the business. After the quarterly data was released, Pop Mart shares continued to decline, losing more than 30% since the start of the year. For the manufacturer, this is a double blow: the current income is reduced, and at the same time the assessment of future growth is getting worse. Foreign markets, which can support the company's scale, became the main source of decline. ΞKONOMICON.