Tai Tong Food & Beverage Group (TTFB, 瓦城泰統集團), which operates three restaurant chains with nearly 60 outlets in Taiwan, posted record-high revenue last quarter on strong seasonal demand.
Consolidated sales were NT$613.94 million (US$20.78 million) in the July-to-September period, a jump of 20.5 percent from a year earlier and 9.2 percent higher than the previous quarter, the company said on Tuesday.
Consolidated sales last month reached NT$181.2 million, up 21.8 percent year-on-year, but down 20.02 percent month-on-month, while cumulative figures for the first nine months totaled NT$1.72 billion, up 17.78 percent from a year ago, the company’s data showed.
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 confident about this quarter’s outlook as it is set to launch four new outlets this month, including its first outlet located in Pingtung County.
In addition, TTFB is to announce the official opening of its first Thai Town outlet in Shanghai on Thursday next week.
Gourmet Master Co (美食達人), which operates the 85oC bakery-and-coffee chain in Taiwan, China, Hong Kong, Australia and the US, reported NT$1.53 billion in consolidated revenue last month, up 14 percent from a year ago and 16 percent from a month ago, the company said on Wednesday.
Last month’s rise resulted in the highest revenue level in the company’s history.
It said the increase was due to strong sales of mooncakes in China.
From January through last month, revenue totaled NT$11.21 billion — an increase of 12 percent from a year earlier — a reflection of Gourmet Master’s store adjustment strategy in China, SinoPac Securities Investment Service (永豐金投顧) said, adding that the company is likely to see expansion momentum continue next year.
Meanwhile, Wowprime Corp (王品集團), which owns 14 restaurant chains with a total of 333 outlets either side of the Taiwan Strait, saw consolidated sales last month total NT$1.2 billion, up 17.62 percent year-on-year, but down 20.53 percent month-on-month.
Sales in the first nine months increased 20.8 percent to NT$11.05 billion from a year earlier, the statement’s data showed.