Luk Fook Holdings (00590) reported a 19% increase in overall retail value and a 36% increase in retail revenue for the fourth quarter compared to the previous year.

Luk Fook Holdings (00590) announced the retail sales performance for the fourth quarter of the fiscal year ending March 31, 2026. Despite being the highest base quarter for the entire fiscal year, the Group continued its strong growth momentum from the previous quarter in the fourth quarter, with overall retail sales performance being even more ideal than the third quarter. The Group's overall retail sales value (including self-operated stores, branded stores, and e-commerce business) and retail revenue (including self-operated stores and e-commerce business) increased by 19% and 36% respectively year-on-year in the fourth quarter, with the retail value of gold and platinum products accounting for 82% due to a significant increase in the sales of investment gold products, representing a 5 percentage point increase year-on-year. The Group's overall same store sales in the fourth quarter further increased to +33%. Despite the international average gold price (per ounce against the US dollar) rising by nearly 70% year-on-year during the quarter and hitting a new peak in January, the same store sales amount of gold products measured by weight expanded to +42%. The same store sales of priced jewelry products were +10%, with priced gold products still increasing by 20% despite a high base, while 18K gold diamond products decreased by -9%. The performance in Hong Kong, Macau, and overseas markets in the fourth quarter exceeded the previous three quarters, with retail value, retail revenue, and same store sales increasing by 42%, 41%, and 39% respectively. The growth in the Hong Kong market was particularly remarkable. The Group closed a net of 68 stores in the fourth quarter. As of the twelve-month period ending March 31, 2026, the Group opened 20 new stores overseas, achieving the annual target.