Wed, Sep 11, 2013 - Page 14 News List

Restaurants see record revenues

SUMMER SIZZLE:Wowprime and Tai Tong revenue surged on Father’s Day and the peak summer season, while Gourmet Master’s revenue was 15% higher than last year

By Amy Su  /  Staff reporter

Two major restaurant operators in Taiwan saw their revenues last month rise to their highest-ever levels, bolstered by seasonal demand led by Father’s Day and the second month of summer school vacation.

Wowprime Corp (王品集團), which owns 14 restaurant chains with a total of 314 outlets in Taiwan and China, saw consolidated sales last month hit a record-high level of NT$1.51 billion (US$50.74 million), up 16.15 percent from a month earlier and 23.06 percent from a year earlier, the company said in a statement.

Accumulated revenue for the first eight months of the year rose by 20.5 percent from a year ago to NT$9.85 billion, company figures showed. It was the second consecutive month Wowprime saw its consolidated sales reach record highs, driven by strong seasonal demand during the summer — a traditional peak period for restaurant operators, driven by the summer vacation.

Father’s Day on Aug. 8 also generated business for Wowprime, which cited strong demand from celebrations.

Tai Tong Food & Beverage Group (TTFB, 瓦城泰統集團), which operates three restaurant chains with more than 50 outlets across the nation, also posted record-high consolidated sales last month.

The company posted NT$226.55 million in consolidated sales last month, a jump of 27.6 percent from a year earlier and 9.87 percent from July, the company said in a statement last week.

In the first eight months of the year, consolidated revenue totaled NT$1.53 billion, up 17.3 percent from a year ago, the statement said.

The group, which operates three brands — Thai Town Cuisine (瓦城泰式料理), Very Thai Restaurant (非常泰) and 1010 Hunan Cuisine (1010湘辣料理) — is looking to enter the Chinese market by launching its first Thai Town outlet in Shanghai at the end of next month.

Gourmet Master Co (美食達人), which operates the 85°C (85度C) bakery-and-coffee chain that has outlets in Taiwan, China, Hong Kong, Australia and the US, reported NT$1.32 billion in consolidated revenue last month, up 15 percent from a year ago and 12 percent from a month ago, the company said in a statement yesterday.

Accumulated revenue in the first eight months rose by 12 percent from a year ago to NT$9.68 billion, company statistics showed.

It was the fourth consecutive month the company saw year-on-year growth in consolidated revenue expand from a month earlier, mainly due to stronger same-store sales in China and contributions from a newly launched outlet in the US, the statement said.

This story has been viewed 1693 times.

Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.

TOP top