Luk Fook Holdings Reports Strong Retail Sales Growth in Mainland Market for Q1 FY2026, Plans Overseas Expansion
Reuters
Jul 17
<a href="https://laohu8.com/S/LKFLF">Luk Fook</a> Holdings Reports Strong Retail Sales Growth in Mainland Market for Q1 FY2026, Plans Overseas Expansion
Luk Fook Holdings (International) Ltd. has announced its retail sales performance for the first quarter of the financial year ending 31 March 2026. The Group's performance showed continued improvement across all markets, driven by effective branding and product differentiation strategies. Notably, the Mainland market delivered a strong performance, with its Retail Sales Value (RSV) and retailing revenue increasing by 14% and 31% respectively, and same-store sales $(SSS.SI)$ rising by 19%. Overall, the Group's RSV increased by 13% in the first quarter of FY2026 compared to the same period in FY2025. The product mix for the first quarter of FY2026 showed 76% in gold and platinum, and 24% in fixed price jewellery, with diamonds representing 4% and fixed price gold accounting for 17%. In light of the Mainland government's dual circulation strategic layout that boosts domestic demand, the Group remains cautiously optimistic about its medium- and long-term business prospects in Mainland China. Furthermore, the Group is optimistic about the immense growth potential in the overseas market and plans to have a net addition of approximately 20 shops in this financial year.
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