Jiumaojiu's (HKG:9922) same-store average daily sales declined in the first quarter due to business environment pressures, according to a Friday filing with the Hong Kong bourse.
Song Hot Pot's restaurants' average daily sales fell 24% while self-operated Tai Er stores saw a 21% decline, and its Jiu Mao Jiu self-operated restaurants declined 19%, the filing said.
The average spending per customer of major brands stayed steady for two consecutive quarters, the filing said.
The company has 780 restaurants as of the first quarter.
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