On April 26, Ge Longhui | China Trends (03818.HK) announced that in the fourth quarter of the 2023/24 fiscal year, retail sales of the Group's Kappa brand stores recorded a low drop of 10% to 20% year-on-year. Cumulative in the 2023/24 fiscal year, retail sales of the Group's Kappa brand stores recorded a low increase of 10% to 20% year-on-year.
In the fourth quarter of fiscal year 2023/24, same-store sales recorded a high year-on-year decline in units based on the Kappa brand stores that were already in operation since the same quarter last year. Cumulative in the 2023/24 fiscal year, same-store sales recorded a year-on-year increase in the number of units calculated at Kappa brand stores that were already in operation since the same quarter last year.
For the fourth quarter ended March 31, 2024, the number of Group Kappa brand stores was 1,012, a net decrease of 11 compared to March 31, 2023 (“end of fiscal year 2022/23”).