Food-KY China’s operations suffered, the share price fell to a 21-month low | Anue Juheng – Taiwan Stock News

Due to the impact of the epidemic on the operation of 85 Degree C in China, the chain restaurant group Gourmet-KY(2723-TW) This week, the stock price continued to fall by 3%, reaching a minimum of 90 yuan, a new low since late July 2020. Gourmet emphasized that as the impact of the epidemic eases, people’s livelihood consumption can be expected to recover steadily. After a short-term turbulence, the Get back on the growth track.

Gourmet announced that its consolidated revenue in March was 1.617 billion yuan, a monthly increase of 3.69% and an annual decrease of 4.52%, which was still the second lowest in the same period in the past five years. Gourmet pointed out that the Chinese business entity has been affected by the epidemic and declined in a short period of time, but in the local epidemic situation After the control or vaccine breakthrough, revenue will rebound significantly.

In the US market, despite the negative factors of high inflation, the local 85-degree C buying sentiment was not affected. The average daily number of visitors to the store in March jumped to a two-year high, pushing up North American revenue to rewrite a monthly record high.

Gourmet emphasized that the US market has maintained strong growth, and has contributed to a double-digit annual increase in revenue for the 13th consecutive month.


Share:

Facebook
Twitter
Pinterest
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.