Retail value of Chow Tai Fook (01929) increased 15.1% year-on-year in the first quarter

Zhitong Finance App News, Chow Tai Fook (01929) announced that for the three months ended June 30, 2026 (first quarter), retail value increased 15.1% year-on-year. Among them, retail value in mainland China increased by 10.7%, while retail value in Hong Kong, Macau and other markets increased by 44.8%. Same-store sales of direct stores in mainland China increased 19.6% during the quarter, while same-store sales of franchised stores increased 15.7%, outperforming the overall jewellery retail market. Same-store sales in Hong Kong, China and Macau, China, benefited from a positive consumer climate and maintained strong customer flow. The increase reached 41.7% during the period, with a 35.0% increase in Hong Kong and a 64.6% increase in Macau.

During the quarter, the Group selectively opened 14 retail outlets of Chow Tai Fook jewellery in the Mainland and closed 272 retail outlets, a net closure of 258 retail outlets. In Hong Kong, Macau and other markets, the Group opened 1 net Chow Tai Fook jewelry retail store in Hong Kong and 2 net retail outlets in other markets during the quarter.