Giordano International — Q3 2018 Earnings Presentation

5 slides from Giordano International's earnings presentation, Oct 19, 2018

Slide 1: 2018 Third Quarter Operations Update
2018 Third Quarter Operations Update | 19 October 2018
Slide 2: Group sales by region
Group sales by region Group sales decreased by 5.2%. Three months ended Sep 30 Nine months ended Sep 30 (In HK$ million) 2018 2017 2018 2017 The rest of Asia Pacific 355 355 1,193 1,060 Mainland China 251 281 932 886 Hong Kong and Macau 226 224 703 697 Taiwan 142 146 498 450 The Middle East 134 153
Slide 3: Group sales by channel
Group sales by channel Three months ended Sep 30 Nine months ended Sep 30 (In HK$ million) 2018 2017 2018 2017 Physical stores 959 1,000 3,267 3,121 E-business 50 47 213 180 Retail sales 1,009 1,047 3,480 3,301 Wholesale sales to franchisees 167 193 556 557 Group sales 1,176 1,240 4,036 3,858 19 Oct
Slide 4: Store portfolio
Store portfolio Store numbers at Sep 30 2018 2017 Retail and Distribution Mainland China Franchised stores 627 576 Directly operated stores ("DOS") 305 326 The rest of Asia Pacific 595 587 Taiwan 199 196 The Middle East Franchised stores 39 41 DOS 145 151 Hong Kong and Macau 75 76 Overseas franchise
Slide 5: System inventories
System inventories System inventories decreased by 8.3% due improved merchandise control. At Sep 30 Dec 31 Sep 30 (In HK$ million) 2018 2017 2017 Inventories held by the Group 525 524 527 Inventories held by 48.5% South Korea joint venture 197 175 200 Inventories held by franchisees in Mainland Chin