Jimmy Choo Same Store Sales Resumed Growth

PLC said the second half of the year has been retail expansion and various

In particular, the good momentum of China will push the group to record a record year-round performance in a challenging environment.

Jimmy Choo PLC rose by 3.9% to 134 pence in the morning.

Jimmy Choo PLC revealed that since the second half of 7 months, the group has opened a direct store in four major markets, and another three shops have been upgrading.

In addition, the same store sales in the second half of this year have resumed positive growth. It is reported that 4% of the same store sales declined in the first half of the year. The group now points out that retail sales in all regions have improved and China has continued to be strong.

The group's efforts in operational efficiency and cost management will help to increase profitability and generate strong cash flow, and the depreciation of the pound will continue to benefit. Jimmy Choo PLC CEO Pierre Denis forecast that annual profits can be achieved, but he did not mention specific targets.

Since the end of the June referendum in Britain, the pound has depreciated nearly 20%, making Britain the cheapest in the world.

The market, Burberry Group PLC (BRBY.L) Boboli, the country's largest luxury group, has benefited from its 30% growth in the local market.

Data show that after the impact of the exchange rate was cut off, the growth rate of Jimmy Choo PLC, as of June 30th, dropped from 7.2% in fiscal year 2015 to only 3.8%, with a revenue of 173 million 100 thousand pounds, a 9.2% increase in real exchange rate, mainly driven by the fastest growing men's shoes category and the same store selling double-digit growth in the Chinese market.

Operating profit surged 42.6% to 25 million 260 thousand pounds in the year, but the pre tax profit dropped 67.3% to 6 million 610 thousand pounds because of the loan exchange loss, and net profit fell 62.5% to 5 million 710 thousand pounds.

At the time of the deadline, Jimmy Choo PLC (CHOO.L) increased by 4.18% to 134.14 pence in the afternoon, narrowing the cumulative decline to 5.2% in 2016.