Giordano International Limited (Giordano) reported HK$1.04 billion in group revenue for the quarter ended 31 March 2026, a 3.90% year-on-year increase despite geopolitical headwinds in the Gulf region. Group same-store sales advanced 8.20%, while global brand sales climbed 7.30% to HK$1.17 billion.

Retail and channel mix • Retail revenue grew 7.40% to HK$930 million, supported by a 40.50% jump in online sales to HK$163 million, lifting e-commerce to 15.70% of total revenue (Q1 2025: 11.70%). • Offline sales edged up 2.30% to HK$767 million. • Wholesale revenue, comprising sales to franchisees, declined 19.10% to HK$106 million, reflecting reduced shipments to South Korea and a streamlined franchise footprint in Mainland China.

Regional performance • Greater China delivered HK$456 million, up 7.80%, buoyed by Hong Kong, Taiwan and a 46.70% rise in Mainland China online sales. • Southeast Asia and Australia generated HK$398 million, increasing 4.20%, led by Singapore and Thailand. • Gulf Cooperation Council (GCC) revenue fell 5.20% to HK$182 million amid softer consumer sentiment following late-February regional tensions. Excluding GCC, group revenue would have risen 6.10% and retail revenue 10.80%.

Store network The Group ended the quarter with 1,565 stores, 155 fewer than a year earlier, after network optimisation in selected markets.

Strategic focus and outlook Management reiterated commitment to the five-year “Beyond Boundaries” plan, prioritising digitalisation and operational efficiency. Website and app upgrades are scheduled to enhance the end-to-end customer experience and broaden the global e-commerce footprint. The Group maintains its full-year revenue growth target of 3%–5%, while cautioning that ongoing Middle-East uncertainties and supply-chain volatility may weigh on first-half performance.