The Tai Tong Food & Beverage Group (TTFB, 瓦城泰統集團), which operates three restaurant chains with nearly 62 outlets in Taiwan and China, said yesterday that its consolidated sales last month were its highest ever because of its continued expansion and strong seasonal demand.
TTFB posted NT$251.12 million (US$8.27 million) in consolidated revenue last month, up 59.19 percent from a year earlier and 12.77 percent from a month earlier, the group said in a statement.
The group attributed its high sales growth to the opening of new outlets in Taiwan and China last year, as well as seasonal demand last month, when companies held their annual parties before the Lunar New Year.
Meanwhile, Wowprime Corp (王品集團), which owns 14 restaurant chains with a total of 364 outlets in Taiwan and China, saw consolidated sales of NT$1.48 billion last month, up 31.16 percent from a year earlier and 4.23 percent from a month earlier, according to a statement.
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, also reported NT$1.44 billion in consolidated revenue last month, up 18.59 percent from a year ago and 3.6 percent from a month ago, the company said.
Gourmet Master said its sales in China — which account for about 70 percent of its overall consolidated revenue — showed double-digit growth last month from a year earlier, and recorded year-on-year growth for the seventh consecutive month.
The company said it expects US sales contributions to rise on the back of its expansion plan.
Gourmet Master operates seven 85°C stores in the US, and is planning to launch two to three new outlets in the first three months of this year, which would take its overall number of outlets to 20 by the end of the year.