Goodbaby International posts HK$2.17 billion Q1-2026 revenue, up 6.4% YoY amid FX headwinds

Bulletin Express
Yesterday

Goodbaby International Holdings Limited (Goodbaby International, 01086) reported unaudited revenue of HK$2.17 billion for the three months ended 31 March 2026, a 6.4% increase from HK$2.03 billion in the prior-year period. On a constant-currency basis, revenue edged down 0.9%, reflecting adverse movements in the renminbi and euro against the Hong Kong dollar.

Strategic Brands remained the primary growth engine, contributing HK$2.00 billion, or 92.2% of total revenue, up 8.6% year on year (0.9% lower on a constant-currency basis). Within this segment: • CYBEX delivered HK$1.29 billion, rising 12.9% (2.0% in constant currency) on sustained market-share gains across regions and product categories. • Evenflo generated HK$535.00 million, up 3.1% (1.5% in constant currency), as strength in stroller and home-goods sales offset a car-seat category slowdown tied to channel destocking. • gb posted HK$169.60 million, down 2.9% (8.7% in constant currency), with softness in non-durables partly mitigated by resilient car-seat demand.

Blue Chip and Other Business revenue declined 14.1% year on year to HK$168.30 million (17.3% lower in constant currency), reflecting a high base in the prior-year quarter due to front-loaded customer orders.

Management highlighted ongoing execution of its multi-brand, global strategy, noting distribution in more than 110 markets and continued investment in an integrated “one-dragon” platform spanning manufacturing and operational services. However, the Group cautioned that inflation, raw-material costs, foreign-exchange volatility, subdued consumer sentiment, and supply-chain disruptions could weigh on performance for the remainder of 2026.

The disclosed figures are based on unaudited management accounts and may differ from future audited results. Shareholders and investors are advised to interpret the data with caution.

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