Hong Kong · Delayed Price · Currency is HKD 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 product launches drove a strong sales rebound in Mainland China. The group targets double-digit sales growth and significant shop expansion in FY2026.
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H1 revenue and profit fell sharply as record gold prices dampened sales and hedging losses hit earnings, despite higher gross margin. October–November trends improved, and H2 performance is expected to strengthen, with overseas expansion prioritized.
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.
Fiscal Year 2023
Fiscal Year 2022
Fiscal Year 2021
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H1 FY2021 revenue fell 47% amid COVID-19 and higher gold prices, while gross margin expanded to 33.2%. Mainland sales began recovering, supporting plans for store expansion and e-commerce growth; H2 profitability was expected to improve.