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<Results> GIORDANO (00709.HK) 1Q Revenue Up 3.9% YoY; Same-store Sales Up 8.2%
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GIORDANO INTERNATIONAL (00709.HK) announced that for 1Q ended March 31, 2026, the groups revenue amounted to HKD1.036 billion, up 3.9% YoY. Revenue from Greater China increased 7.8% YoY to HKD456 million, revenue from SE Asia and Australia rose 4.2% YoY to HKD398 million, while revenue from the Gulf Cooperation Council declined 5.2% YoY to HKD182 million. By channel, retail revenue grew 7.4% YoY to HKD930 million, of which offline and online businesses increased 2.3% YoY and 40.5% YoY, respectively. Franchisee wholesale revenue decreased 19.1% YoY to HKD106 million. During the period, same-store sales rose 8.2% YoY to HKD817 million. The number of stores decreased by a net 155 to 1,565 at the end of the period. The group maintained its revenue growth target of 3% to 5%. However, amid macroeconomic headwinds and geopolitical developments in the Middle East, supply chain volatility may dampen consumer sentiment. Looking ahead, the company remains cautious on its Gulf Cooperation Council business, as ongoing regional uncertainties and intermittent logistics disruptions may limit foot traffic and conversion rates. As such, the company expects to face challenges in the near term, which may put pressure on the groups performance, particularly in 1H26. (ss/a) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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