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Zhejiang Yiming Food (605179): Closed stores dragging down revenue performance, focusing on online channels development.
On October 23, 2024, Zhejiang Yiming Food released the 2024 third-quarter performance report. Investment highlights include third-quarter revenue pressure, expense optimization to improve profits. The company achieved revenue of 2.058 billion yuan in 2024 Q1-Q3.
Yiming Foods: Third Quarter Report 2024
Third Quarter Report 2024
Announcement on key operating data for the third quarter of 2024
The expansion pace of the stores has slowed down. zhejiang yiming food's number of stores decreased by 56 in the first three quarters. | interpretations
1. Zhejiang Yiming Food had 2,002 operating stores in Q3, compared to 2,058 at the beginning of the period, with stores mainly located in the East China region. 2. The number of direct-operated and franchised stores fluctuated. In Q3, the gross margin of direct-operated stores was 54.5%, while the gross margin of franchised stores was 21.14%. 3. The company's revenue increased by 5.39% year-on-year in the first three quarters, and net income increased by 4.13% year-on-year.
Express News | Zhejiang Yiming Food: the net income in the first three quarters was 36.9063 million yuan, a year-on-year increase of 4.13%.
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