Strong Gold Prices Lead to Revenue Boost for Luk Fook

Thu Apr 23 2026

Luk Fook’s revenue rose in the fourth fiscal quarter as consumers adapted to higher gold prices and domestic demand in Hong Kong increased.

Overall sales climbed 19% year on year for the three months ending March 31, the Hong Kong-based jeweler said Tuesday. The growth comes despite the high comparison base noted in the comparable period a year ago, Luk Fook explained. Additionally, same-store sales for the final period of the year reached 33%, exceeding each of the previous three quarters, thanks to strong Hong Kong demand.

Sales in Hong Kong and Macau jumped 42% year on year, up from a 20% increase in the third quarter. Same-store sales of gold products grew 52%, while fixed-price jewelry advanced 11%. In the fixed-price-jewelry category, gold products climbed 21% and those with diamonds slipped 9%. Overall, same-store sales improved 39% in the region.

“Despite facing the highest base of the full year…the Hong Kong, Macau and overseas market exceeded the first three quarters,” the company said. “This solid performance was primarily driven by strong domestic demand.”

The average selling price of gold products in the Hong Kong market increased 45% compared to the same period in 2025.

The strength of the Hong Kong market outweighed weaker demand in China. Overall sales on the mainland rose 8% for the period. Same-store gold sales slid 1%, with fixed-price jewelry down 5%. Sales of fixed-price gold products fell 2%, as did those of fixed-price diamond pieces. Total same-store sales inched down 1%.

Luk Fook closed a net 68 shops during the quarter, bringing its total to 3,005 stores as of March 31.

Sour ce: https://rapaport.com/