Giordano International (00709) achieved encouraging results in the third quarter with its "digital-first" strategy pillar. Online revenue increased by 16.5% year-on-year.
Giordano International (00709) issued an announcement that in the third quarter, the group's "Digital First" strategy pillar achieved encouragement...
GIORDANO INT'L (00709) announced that in the third quarter, the group's "Digital First" strategy pillar achieved encouraging results, with online revenue growing by 16.5% (22.8% growth year-to-date). Despite a 1.4% decline in revenue in the third quarter, compared to the beginning of the year, revenue still increased by 0.6%, indicating potential growth momentum for the business. The quarterly performance reflects the group's proactive approach to product portfolio management; despite facing unprecedented adverse weather conditions in the Greater China region, the group's core business remained stable, with a 0.4% increase in quarterly revenue (2.7% growth year-to-date). Strong performance in online business and the high-growth Gulf Cooperation Council market drove significant improvements in gross margin through relevant strategic initiatives.
As of September 30, 2025, the group's inventory balance was 612 million Hong Kong dollars (6.30 million Hong Kong dollars in 2024). This reflects the group's continued commitment to improving operational efficiency, ensuring alignment between product supply and customer demand strategically, while maintaining strict procurement management and financial flexibility to seize emerging trends.
These achievements demonstrate the group's continuous efforts to improve profit margins, optimize inventory, and diversify channels. With a solid foundation and focused strategic priorities, the group is confident in executing long-term plans and driving sustained success.
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