Financial ProjectionsEarnings projections for 2024-2026 have been revised down due to softer-than-expected same-store sales growth, slower store expansion, and higher impairment loss.
Market CompetitionTai Er is adversely affected by subdued customer traffic and rising competition in the shopping malls, as well as the increasingly cost-conscious customers.
Sales GrowthThe company's same-store sales growth trend has deteriorated, especially for the Tai Er brand.