Dumplings hit the U.S., doubling the price. Bafang Yunji (2753) sees the post-pandemic catering business opportunities in the United States. The first store opened in the Industrial City of Southern California last week. The price of the package is nearly three times that of Taiwan. Up to 8.74 yuan, there is a chance to go to the next level.
Bafang Yunji has benefited from an increase in the proportion of its pot stickers and Liang Shehan spare ribs delivered. Even in the face of the epidemic last year, it still dominated the delivery catering market, with a net profit of 8.74 yuan per share.
The industry said that with the opening of stores in the United States, and the expansion of Liang Shehan ribs and the new brand Fangzhen Vegetable Food, its Dandi Coffee is undergoing transformation, and it is expected to grow this year.
Looking forward to this year, in addition to the successful opening of the US store, it is also expected to accelerate the introduction of the new store type of “Dante Coffee”. At the same time, “Liang Shehan Pork Ribs” and “Fang Zhen Vegetable Food” are the key brands in this year’s exhibition store. It is expected that Liang Shehan Pork Ribs will come to the end of the year. 200 stores, and Fangzhen Vegetable Food will also enter the central and southern markets this year, and the number of stores will reach ten stores.
Bafang Yunji’s share price was the best among catering stocks yesterday (28th). The final share price rose by 6.5 yuan to close at 131.5 yuan, an increase of 5.2%, a new high price this year. The main reaction is that the expansion of the U.S. market is bullish, and the market believes that compared with other catering stocks that focus on “dine-in”, Bafang Yunji’s performance is less affected by the heating up of the local epidemic due to the high proportion of take-out and delivery.
Bafang Yunji said that the main brand Bafang Yunji has now reached 1,000 stores. This year, the stores will eliminate the weak and keep the strong, and will continue to improve equipment and store types. There are currently more than 100 Liangshehan ribs, and it is expected to reach 200 by the end of the year. The new brand of the group Fangzhen Vegetable Food opened at the end of last year, and its performance was outstanding. In 2022, the goal is to break through ten stores, and there will be exhibition stores in North, Central and South. As for Dandi Coffee, which currently has 51 stores, this year’s postponement of opening stores is mainly due to the fact that it is still looking for a profit model. There are currently three new “Dante to go” stores in Xizhi, Shipai and Tucheng. Dandy Coffee will not be fully transformed into a “to go” store type, but will mainly be adjusted depending on the location of the store.
All parties have gathered in the U.S. market to drive market conversations. In recent years, Taiwan’s catering brands have developed brightly in the U.S. in addition to Din Tai Fung, including Gourmet-KY’s 85°C and MediaTek’s “Sharetea Rest Pavilion”, which are all in the U.S. market. The success is the main growth driver of performance. At present, 85 Degrees C has 66 stores in the United States, and Sharetea has also set up flags in 22 states in the United States, with a total of 129 stores.
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