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flag Pop Mart U.S. sales dropped 45% in March despite strong growth from its Labubu plushie.

flag Pop Mart, known for its Labubu plushie, saw U.S. sales drop 45% in March compared to the previous year. flag While Labubu drove significant revenue growth in 2025, other characters failed to gain traction, leading to a stock decline after earnings. flag Investors are concerned about the long-term sustainability of growth dependent on a single product.

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