Super Hi Reports Unaudited Financial Results for the First Quarter of 2024 [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
NASDAQ:AMEX Investor Relations:
hkexgroup.com/investor-relations?sc_lang=en
Company Research
Source: Yahoo! Finance
leading Chinese cuisine restaurant brand operating Haidilao hot pot restaurants in the international market, today announced its unaudited financial results for the first quarter of FY2024 ended March 31, 2024. First Quarter 2024 Highlights Revenue was US$187.6 million, representing an increase of 16.6% from US$160.9 million in the same period of 2023. Opened 4 net new Haidilao restaurants in the first quarter of 2024. Total number of Haidilao restaurants expanded from 115 as of December 31, 2023 to 119 as of March 31, 2024. Total table turnover rate and same-store table turnover rate were both 3.9 times per day, compared to 3.3 times per day in the same period of 2023. Had over 7.3 million total guest visits , representing an increase of 21.7% from 6.0 million in the same period of 2023. Same-store sales growth was 10.0%, compared to 8.8% in the full year of 2023. Income from operation margin was 6.6%, compared to 7.0% in the same period of 2023. _____________________
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