Tue, Feb 19, 2013 - Page 14 News List

Lunar New Year dates impact restaurant revenues

By Amy Su  /  Staff reporter

The Tai Tong Food & Beverage Group (TTFB, 瓦城泰統集團), operator of three restaurant chains with more than 40 outlets in Taiwan, yesterday saw its revenue for last month drop by more than 20 percent from a year earlier, mainly due differences in holiday dates.

Tai Tong posted NT$157.75 million (US$5.31 million) in sales for last month, down by 22.66 percent from the same period last year, the company said in a filing to the Taiwan Stock Exchange.

On a monthly basis, revenue for last month was also 9.2 percent lower from the companies record-high sales level of NT$173.73 million recorded in December last year, statistics showed.

The period during the Lunar New Year is a traditional peak season for restaurants, but because the holiday last year fell in January the comparison basis for last month was raised, resulting in an apparent decline, Tai Tong said in a statement.

However, the company said it expected higher sales this month in view of a strong performance in sales during this year’s week-long New Year holiday — which ended two days ago.

Wowprime Corp (王品集團), which owns 13 restaurant chains with more than 270 outlets in Taiwan and China, maintained its growth in sales last month as consolidated sales rose 5.51 percent to NT$1.13 billion from a year earlier. However, these sales were down by 5.04 percent compared with December last year, a company filing with the stock exchange yesterday showed.

Wowprime is aiming to expand further in China this year. The company launched its first 12 Sabu (石二鍋) hotpot restaurant’s in Shanghai last month and earlier this month introduced two new brands of teppanyaki cuisine and kaiseki cusine.

Gourmet Master Co (美食達人), which operates the popular 85°C (85度C) bakery-and-coffee chain in Taiwan, China, Australia and the US, reported a NT$1.21 billion in consolidated revenue last month, up 8 percent from a year ago, a company statement said yesterday.

Last month’s figure was down 4 percent from a month ago because of store adjustments and seasonal factors, the company said.

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