Giordano International's Q1 Revenue Up Nearly 4%

MT Newswires Live04-23

Giordano International (HKG:0709) reported HK$1.04 billion in first-quarter revenue, up 3.9% from HK$997 million a year earlier, according to a Thursday Hong Kong bourse filing.

Revenue in Greater China rose 7.8% to HK$456 million, while sales in Southeast Asia and Australia jumped 4.2% to HK$398 million. Revenue from the Gulf Cooperation Council region fell 5.2% to HK$182 million.

By channel, online revenue climbed 40.5% year over year to HK$163 million, while offline sales increased 2.3% to HK$767 million.

Revenue from wholesale to franchisees fell 19% to HK$106 million.

Group same-store sales jumped 8.2% to HK$817 million from HK$755 million.

As of March 31, the apparel retailer operated 1,565 stores, down from 1,720 a year earlier.

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