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Chow Tai Fook Jewellery Group (1929) investor relations material
Chow Tai Fook Jewellery Group Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Retail Sales Value (RSV) grew 15.1% year-over-year for the quarter ended 30 June 2026, reflecting strong consumer demand and successful brand transformation initiatives.
Same Store Sales (SSS) in Chinese Mainland self-operated stores rose 19.6%, and franchised stores increased 15.7%; Hong Kong & Macao SSSG surged 41.7%.
Launch of the DAWN Collection and Chinese Couture High Jewellery collection contributed to robust sales and enhanced brand positioning.
Financial highlights
RSV in Hong Kong & Macao and other markets jumped 44.8% year-over-year; Chinese Mainland RSV increased 10.7%.
Weight-based gold jewellery RSV in Chinese Mainland grew 21.0%, with its contribution rising to 67.2% of RSV.
E-commerce RSV in the Mainland grew 28.9% year-over-year, contributing 8.9% to RSV and 19.4% to volume.
Outlook and guidance
Continued focus on brand transformation and high-quality earnings, with new collections and luxury-format stores supporting growth.
Ongoing network optimization to enhance productivity and market leadership.
- Gold-led growth lifted H1 revenue 48.5% and net profit 90.4%.1929
H1 2014 - High-base sales declines met stronger margins, lower gearing and a cautious H2 recovery outlook.1929
H1 2015 - Retail sales fell 11.6% year-over-year, but product innovation and e-commerce drove resilience.1929
Q4 2025 - Retail sales value rose 17.8% year-over-year, led by strong same store sales and fixed-price jewellery.1929
Q3 2026 - RSV fell 1.5% as Hong Kong & Macao surged 58.5% but Mainland dropped 8.2%.1929
Q4 2026 - RSV fell 1.9% year-over-year, but fixed-price gold and e-commerce showed strong growth.1929
Q1 2026 - Retail sales and same store sales rebounded, driven by fixed-price products and new collections.1929
Q2 2026 - Retail and same store sales fell YoY, but product innovation and network optimization supported resilience.1929
Q3 2025 - Stable revenue, margin resilience, and strong SSS growth drive robust interim results.1929
H1 2026
Next Chow Tai Fook Jewellery Group earnings date
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