Is 361 Degrees' Kid Power Losing Momentum?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 22 2024
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Should l Buy ?
Source: Benzinga
Kids Products Growth Slowing: 361 Degrees reported a slowdown in growth for its kids-branded products, with recent quarterly growth dropping to mid-teens percentages compared to previous rates of 25-30%. Despite this, the company's overall retail sales grew by 10% year-on-year.
Strategic Focus on Smaller Cities: The company has successfully targeted smaller third-tier cities for expansion, which now account for 76% of its stores, and continues to perform well overall, with revenues rising significantly over the past three years.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
