The overall retail value of Lukfook Group (00590) fell 16% year-on-year in the second quarter

Zhitongcaijing · 10/17 11:57

According to Zhitong Finance App News, Lukfook Group (00590) announced that the Group's overall retail value in the second quarter fell 16% year-on-year, mainly affected by the high base effect and repeated record highs; the Group's overall retail revenue for the second quarter fell 25% year-on-year, with retail revenue in the Hong Kong Special Administrative Region and Macau Special Administrative Region of China falling 31% year-on-year, while the mainland market fell 9%; the Group's overall same-store sales for the second quarter were -35%, of which the Hong Kong and Macau markets were -29%; the Group reduced 76 stores net this quarter.

As of September 30, 2024, the Group had a total of 3,408 stores worldwide, with a net decrease of 76 stores in the second quarter.