SUPER HI Reports Q1 Profit Decline Amid Revenue Growth

Stock News05-20 18:14

SUPER HI (09658) announced its financial results for the first quarter of 2026. The group achieved revenue of $226 million, representing a year-on-year increase of 14.2%. However, profit attributable to the company's owners was $4.089 million, a decrease of 65.75% compared to the same period last year. Basic earnings per share were $0.01.

During Q1 2026, the company opened one new Haidilao restaurant in Southeast Asia. The total number of Haidilao restaurants increased from 126 as of December 31, 2025, to 127 as of March 31, 2026.

Mr. Li Yu, CEO and Executive Director of SUPER HI, commented, "In the first quarter of 2026, the company's overall revenue increased by 14.2% year-on-year to $226 million. The operating profit margin for the quarter recovered to 6.2%, an improvement of 2.1 percentage points compared to the same period last year. Driven by our proactive investment in 'focusing on both employees and customers,' the operational performance of Haidilao restaurants continues to improve. Benefiting from steady growth in customer traffic, the overall average table turnover rate for Haidilao restaurants reached 4.0 times per day this quarter. Overall revenue from Haidilao restaurants grew by 8.4% year-on-year, with same-store sales increasing by 4.0%. This quarter, the company continued to expand its revenue channels, with combined revenue from delivery and other businesses growing by 130.9% compared to the same period last year."

"Looking ahead, we will continue to adhere to the long-term strategy of 'focusing on both employees and customers.' We will persistently enhance the customer experience and optimize employee care initiatives to consolidate the brand advantage of Haidilao restaurants and achieve long-term sustainable growth for the company."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment