GIORDANO INT'L (00709) achieved a revenue of approximately 1.036 billion Hong Kong dollars in the first quarter, representing a year-on-year growth of 3.9%.

GIORDANO INT'L (00709) announced that in the first quarter of 2026, it achieved a revenue of approximately HK$1.036 billion, representing a year-on-year growth of 3.9%. In the first quarter, the group's retail revenue and same-store sales grew by 7.4% and 8.2% respectively, reflecting the resilience of the business performance under the escalating geopolitical situation in the Middle East. Most major markets experienced growth, with the Greater China region performing particularly well, with a 7.8% year-on-year increase, driven by the recovery of the Hong Kong and Taiwan markets, as well as a significant 46.7% increase in online sales in mainland China. In Southeast Asia, the business achieved steady growth in the mid-single digits, with Singapore and Thailand performing exceptionally well and driving growth in the region. Despite a sudden escalation of tensions in the Gulf Cooperation Council market at the end of February, consumer sentiment turned cautious; nevertheless, revenue only decreased by 5.2%, demonstrating the solid foundation of the business. Excluding the impact of the Gulf Cooperation Council market, retail revenue growth would have reached 10.8%. Benefiting from a more attractive product portfolio and more precise seasonal execution, the online business showed strong performance in most markets, including mainland China, with a significant year-on-year growth of 40.5%. With this momentum, the company will continue to focus on digital transformation and introduce more initiatives to expand its global e-commerce footprint while optimizing end-to-end customer experience. Short-term priorities include upgrading website and application interfaces to enhance customer support tools and create a smoother and more interactive shopping environment. The company is preparing to launch more initiatives to expand its global e-commerce presence and implement the digital core pillar of its "Beyond Boundaries" plan. Wholesale revenue decreased by 19.1%, mainly due to inventory adjustments in the South Korean joint venture in which the group holds a 48.5% stake, leading to a decrease in shipments. Additionally, the decline reflects the ongoing restructuring of the mainland China business to optimize its footprint (including franchise stores). Despite the drag from the wholesale business, the group's total revenue still achieved a growth of 3.9%. Excluding the negative impact of the Gulf Cooperation Council market, the group's revenue growth should have been 6.1%.