Chow Tai Fook (01929) Q2 Retail Value Slips 0.5% Year-on-Year

Stock News10-22

Chow Tai Fook (01929) has released an announcement that for the three months ended September 30, 2026 (the second quarter), retail value decreased by 0.5% year-on-year.

Among this, retail value in Mainland China fell by 5.3%, while retail value in Hong Kong, Macau, and other markets grew by 33.2%. During the quarter, same-store sales at directly operated stores in Mainland China rose by 2.2%, whereas same-store sales at franchised stores declined by 2.9%. Nonetheless, the group's performance continued to outperform the jewelry retail market.

Benefiting from a vibrant consumer atmosphere and strong customer traffic, same-store sales in Hong Kong and Macau during the period grew by 29.6%, with Hong Kong up 24.0% and Macau up 47.3%. During the quarter, the group selectively opened 23 Chow Tai Fook jewelry retail points in Mainland China and closed 263 retail points, resulting in a net closure of 240 retail points. In Hong Kong, Macau, and other markets, the group net opened 1 Chow Tai Fook jewelry retail point during the quarter.

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