CIMB Research said Padini anticipates a gradual benefit from the strengthening of the ringgit, particularly against the Chinese yuan, in coming quarters.
PETALING JAYA: Padini Holdings Bhd
expects earnings for its upcoming fourth quarter ending June 30, 2025 (4Q25) to come in weaker both quarter-on-quarter (q-o-q) and year-on-year (y-o-y) as festive-related purchases had been largely front-loaded in 3Q25, owing to the earlier timing of Hari Raya.
In 3Q25, the owner and operator of fashion retail outlets saw revenue grow by 8.9% y-o-y and 19.3% q-o-q primarily due to festive-driven demand in conjunction with Chinese New Year and the earlier timing of Ramadan.
