Jiumaojiu International Holdings Ltd. ( (HK:9922) ) just unveiled an update.
Jiumaojiu International Holdings Ltd. has issued a profit warning, indicating a significant decline in profit for FY2024 compared to FY2023. The decrease is attributed to factors such as a decline in same-store performance due to external environmental changes and increased competition, one-off store closure and impairment losses, and reduced other income including government subsidies. Despite these challenges, the company is implementing strategies to enhance operational performance, such as monitoring underperforming restaurants, refining product quality, and improving supply chain efficiency. The board remains optimistic about the company’s long-term growth prospects, citing potential policy support and the company’s competitive strengths.
More about Jiumaojiu International Holdings Ltd.
Jiumaojiu International Holdings Ltd. is a company incorporated in the Cayman Islands, operating in the catering industry. The company, along with its subsidiaries, focuses on restaurant operations and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -7.58%
Average Trading Volume: 26,125,627
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$4.43B
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