Company Earnings Update 3 minutesRegister for Free AccessGolden Eagle (3308 HK) Analyst Briefing Takeaways: Gross Margin Steady; Guides for Expansion of Lifestyle Stores Coresight Research April 3, 2017 Executive Summary At the analyst briefing in Hong Kong on March 31, Golden Eagle’s management team discussed the FY16 results and outlined the group’s future strategy, which is to focus on lifestyle concepts, expand its store network and enhance its omnichannel offering. Total gross sales proceeds was ¥16,399.3 million for FY16, up 0.7% year over year. By product category, athleisure and consumer appliances outperformed, while menswear and womenswear underperformed. Gross margin from concessionaire sales and direct sales increased by 0.1% to 17.8% in FY16. The modest margin improvement was attributable to management’s focus on product sales with favorable margins, which was partially offset by an increase in the sales contribution from younger stores that have lower commission rates. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Exploring International Home and Home-Improvement Sector Retailing in the UAEEarnings Insights 1Q23, Week 1: Albertsons, Crocs, Procter & Gamble, Skechers and More Post Positive Results; Amazon’s Online Sales ImproveMedia Days at CES 2023: Tech Trends To Watch Cover Gaming, Metaverse, Healthcare, Sustainability and MoreThe Generative AI Playbook: Six Quick Wins Presented at the AI Summit New York 2023