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Pop Mart Q3 Sales Plunge 50% Worldwide

By Drooid · Oct 28, 2026, 14:41 UTC · How we work

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Summary

Pop Mart International Group reported worldwide Q3 2026 sales fell 50%.
Americas revenue declined 70%-75% in the same quarter.
Europe and other regions saw revenue drop 50%-55%.
Pop Mart shares fell more than 6% early Wednesday, later under 2%.
The company continues global store expansion, targeting flagship locations in New York, Milan and Paris.

Summary

Pop Mart shares slumped about 60% from record high, erasing roughly $35 billion in market value.
Sell-side analysts recommending Pop Mart as a buy fell to an all-time low, Bloomberg data shows.
Morgan Stanley, Citigroup and JPMorgan cut price targets for Pop Mart after the earnings release.
Pop Mart’s share-buyback programme failed to revive investor enthusiasm despite the steep price drop.

History

In March 2000 the NASDAQ peaked at 5,048.62 before falling 78% by October 2002, wiping out market value from firms such as Cisco and Amazon. That crash ended a period of easy venture-capital funding. Pop Mart’s 2026 Q3 sales plunge and 60% share slide echo those same investor cautions.

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Historical Context

In March 2000 the NASDAQ peaked at 5,048.62 before falling 78% by October 2002, wiping out market value from firms such as Cisco and Amazon. That crash ended a period of easy venture-capital funding. Pop Mart’s 2026 Q3 sales plunge and 60% share slide echo those same investor cautions.

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