Jiumaojiu (09922): Taiji (self-operated only)'s average daily sales in the third quarter of the same store decreased by 18.3% year-on-year

According to the Zhitong Finance App, Jiumaojiu (09922) announced that in the third quarter of 2024, Taiji (self-operated only), Jiu Maojiu had turnover rates of 3.6, 3 and 2.8 respectively; the average customer consumption was 69 yuan, 97 yuan and 54 yuan respectively. The average daily sales volume of the same store decreased by 18.3%, 32.5% and 10.3%, respectively.

In the third quarter of 2024, the per capita consumption of hot pot customers decreased compared to the second quarter of 2024. Mainly due to seasonal fluctuations, the number of customers per table increased during the summer vacation in July and August, which led to a decrease in customer consumption per customer. In the same period, the year-on-year decline in average daily sales of Taiji (Mainland China) and Gan Hot Pot stores was mainly due to the continuing impact of changes in the external environment.