Jiumaojiu Faces Q3 Sales Decline Amid Seasonal Fluctuations

Jiumaojiu International Holdings Ltd. (HK:9922) has released an update.

Jiumaojiu International Holdings Ltd. reported a challenging third quarter in 2024 with significant declines in same-store sales across its major brands, including a notable drop of 32.5% for Song Hot Pot. The company attributed part of the decline in average spending per customer to seasonal fluctuations during the summer. Despite these challenges, the group maintained a robust presence with 824 restaurants as of September 30, 2024.

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