Hong Kong Stocks Movement | JIUMAOJIU (09922) Drops Over 7% to Hit Record Low, Slow Same-Store Recovery, Q3 Major Brands Still Under Pressure

Stock News10-30

JIUMAOJIU (09922) fell more than 7% in the afternoon session, hitting a record low of HK$1.84. At the time of writing, the stock was down 7.07% at HK$1.84, with a turnover of HK$22.50 million.

The company's Q3 operational data revealed that same-store sales for its major brands continued to decline. Specifically, Tai Er Sauerkraut Fish saw a 9.3% year-on-year drop in same-store sales, while Song Hotpot and JIUMAOJIU Northwest Cuisine posted sharper declines of 19.1% and 14.8%, respectively.

Bank of Communications International noted that although same-store sales remained negative, the declines for Tai Er and JIUMAOJIU narrowed quarter-on-quarter, with Tai Er showing improvement for three consecutive quarters, indicating initial results from operational adjustments.

Guosheng Securities highlighted that the company is adopting a cautious expansion strategy, with major brands still facing pressure. However, it has clearly positioned itself with a "fresh ingredients" strategy, and Tai Er's new "5.0 Fresh Model" store format has shown strong performance, with plans to accelerate its rollout, potentially further improving financial performance.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment