Jiumaojiu International Holdings Ltd. (HK:9922) has released an update.
Jiumaojiu International Holdings Ltd. reports a total of 771 restaurants across its brands, with a notable decline in same store average daily sales and average spending per customer for major brands like Tai Er and Song Hot Pot in Q2 2024. These downturns are attributed to strategic adjustments in response to the changing external environment and an expansion into lower-tier cities. The operational update aims to keep shareholders and potential investors informed of the company’s latest performance metrics.
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