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10h ago

Pop Mart Shares Leap on Mini Labubu Phone-Charm Plan and Bigger Sales Goal

First-half profit jumped nearly 400%, reflecting surging demand plus rapid overseas expansion.

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POP MART CEO Says Toy Company on Track To Hitting Over $4 Billion USD Revenue This Year
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Overview

  • Shares in Hong Kong closed up about 11.9% at the highest level since the 2020 listing after the CEO’s remarks.
  • CEO Wang Ning said mini Labubu figures designed to hang from phones could launch as early as this week.
  • Net profit for the first half rose roughly 396.5% to about $636 million, with revenue up around 204% to roughly $1.93 billion.
  • Wang said the company is on track for 20 billion yuan in 2025 revenue and suggested 30 billion yuan this year is attainable.
  • The company reported Americas revenue up 1,142% year over year and plans about 10 additional U.S. stores by year-end on top of roughly 40 locations.