Jewelry retailer Luk Fook Holdings (International) Ltd. (0590.HK) on Thursday reported its retail sales value, including self-operated stores, licensed shops and e-commerce platforms, rose 26% in the quarter through December. Its retailing revenue, excluding licensed stores, rose 17% for the period, while its same-store sales rose 15% year-on year.
The company performed well in Hong Kong, Macao and other offshore markets, with retail sales value, retailing revenue and same-store sales for those overseas markets climbing by 20%, 19% and 16%, respectively, for the quarter.
The company recorded a net reduction of 40 shops during the three-month period, while it opened nine new overseas locations. That brought its global footprint to 3,073 shops, including 122 in Hong Kong, Macao and international markets, with the remaining 2,951 on the Chinese Mainland.
Shares of Luk Fook opened higher on Friday and were up 0.5% in the afternoon. The stock has nearly doubled over the last 52 weeks.
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