HK Stock Market Move | LUK FOOK HOLD(00590) rose more than 4% during trading hours. Retail revenue in the first quarter increased by 14% year-on-year, with same-store sales growing by 5%.
Luk Fook Holdings (00590) rose more than 4% in intraday trading, as of the time of writing, it had risen by 3.04%, to reach 22 Hong Kong dollars, with a turnover of 12.8697 million Hong Kong dollars.
LUK FOOK HOLD (00590) rose more than 4% intra-day, up 3.04% at the time of writing, at HK$22, with a turnover of HK$12.8697 million.
On the news front, LUK FOOK HOLD announced that for the first quarter of the fiscal year ending March 31, 2026, the Group's overall retail value increased by 13% year-on-year, retail sales increased by 14% year-on-year, and same-store sales increased by 5%. It is worth noting that the retail value of priced gold products has increased from 12% in the same period last year to 17% in the first quarter. The performance in the Mainland market was impressive, with retail value and retail sales increasing by 14% and 31% respectively, and same-store sales increasing by 19%.
In addition, the Hong Kong, Macau, and overseas markets rebounded after a decline, with retail value and retail sales increasing by 9% and 8% respectively. The proportion of priced jewelry products in the retail value increased from 27% last year to 32%, with the proportion of priced gold products increasing from 11% in the same period last year to 19% in this quarter. Same-store sales increased by 3%, with overseas markets increasing by nearly 20%, Hong Kong's same-store sales increasing by 1%, and Macau decreasing by -1%.
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