首页 社会正文

新2会员网址(www.hg108.vip):Berjaya Food reaps rewards of successful strategy

admin 社会 2022-08-25 10:05:33 4 0

皇冠开户平台www.hg9988.vip)是皇冠官方开户平台,开放皇冠信用网代理申请、信用网会员开户,线上投注的官方平台。

KUALA LUMPUR: Berjaya Food Bhd's efforts to improve its business fundamentals have taken flight given its commendable earnings growth over the last two years.

In its recent fourth quarter results, the food and beverage chain operator posted earnings of RM40.8mil, which was a significant increase from RM4mil in the fourth quarter of 2019.

According to RHB Research, Berjaya Food's results beat expectations on the back of the successful execution of effective business strategies across its brands and restored consumer confidence post-pandemic, which all led to robust same store sales growth.

"While 4QFY22’s robust performance can be partly attributed to the pent-up demand for seasonal factors, we believe that efforts taken by management in the past two years to solidify its business fundamentals have also contributed greatly to BFD’s commendable growth in recent quarters," it said in a recent report.

RHB attributed the success to Berjaya Food's strategy of increasing the average selling prices through the promotion of seasonal beverages and upsizing of offerings, which has been effective in sustaining margins.

,

新2会员网址www.hg108.vip)实时更新发布最新最快最有效的新2网址和新2最新网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。

,

It noted that Kenny Rogers Roasters (KRR) remained profitable in 4QFY22, while its menu revamp and strategic store closures are indicative of profitability being sustained.

Meanwhile, Berjaya Food is continuing to expand with plans to open an additional 35 to 40 Starbucks outlets and four to six KKR stores in FY23.

"40-45% of the Starbucks outlets will be in the drive-through format, which should bode well for the group as we gather that sales performance for this store format has been strong (at c.30% of total Starbucks revenue).

"The brand’s already entrenched network also points to the likelihood that expansions will be into less-urban areas, which could contribute to sustainable improvement in sales moving forward," it added.

RHB, which has a "buy" call, kept its earnings forecasts unchanged and target price at RM4.80 in anticipation of a normalisation in earnings in FY23 as it believes earnings have peaked.


转载说明:本文转载自Sunbet。
版权声明

本文仅代表作者观点,
不代表本站通辽信息网的立场。
本文系作者授权发表,未经许可,不得转载。

发表评论

评论列表(0人评论 , 4人围观)
☹还没有评论,来说两句吧...