Nayuki Holdings Stabilizes Amidst Sluggish Demand

Nayuki Holdings Ltd. (HK:2150) has released an update.

Nayuki Holdings Limited maintained a stable count of 1,597 self-operated stores in Q2 2024 but faced sluggish demand impacting revenue and store-level operating profit margins. While the company plans to reduce new store openings and close underperforming ones to boost existing store performance, there is a strong interest in its franchise business, with several applications received after optimizing franchisee requirements.

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