Pop Mart (09992.HK) said on its Q3 earnings call it will continue to reduce overall inventory levels in Q4 while ensuring new-product supply. Management will prioritize the effectiveness of first-leg allocations, noting some countries and regions have significant internal reallocation capacity; network-level allocation can top up local stockouts and support sales. The company has begun dynamic inventory management—adjusting allocations after initial shipments rather than waiting for high termina

Pop Mart (09992.HK) said on its Q3 earnings call it will continue to reduce overall inventory levels in Q4 while ensuring new-product supply. Management will prioritize the effectiveness of first-leg allocations, noting some countries and regions have significant internal reallocation capacity; network-level allocation can top up local stockouts and support sales. The company has begun dynamic inventory management—adjusting allocations after initial shipments rather than waiting for high terminal sell-through—intended to reduce unnecessary product recalls and frequent inter-store transfers.