CRC same store sales (SSS) in April-May 2025 are projected to fall 5-6% from all countries (Thailand, Vietnam, Italy). SSS in Thailand were affected by the earthquake in late-March, a drop in tourist volume, and concern over U.S. tariffs that may hurt the economy and purchasing power. Also, THB strengthened against VND and EUR. Fashion and hardline SSS are expected to drop further, while food SSS in Thailand may grow slightly