Luk Fook Holdings (International) Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 25.6% to HKD 6.8B and profit rose 42.5% amid record gross margins and strong sales in both retail and wholesale segments. Double-digit sales growth is expected to continue, with overseas expansion and product innovation as key strategies.
Fiscal Year 2025
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Revenue declined 12.9% to HKD 13.3 billion due to high gold prices, but gross margin improved and new fixed-price gold products drove a strong sales rebound in Mainland China. Double-digit same-store sales growth is expected in FY2026, with continued expansion in Mainland and overseas markets.
Fiscal Year 2024
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Revenue and profit surged in FY2024, led by gold sales and Hong Kong/Macau recovery. High gold prices and macro uncertainties are impacting FY2025 sales, but margins remain stable and overseas expansion is prioritized.