Jiumaojiu International Holdings Ltd. (HK:9922) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
For further insights into HK:9922 stock, check out TipRanks’ Stock Analysis page.