Thanks to the recent announcement of the performance of the catering industry by the National Bureau of Statistics, market attention to this industry has gradually increased. Ninety nine cents (09922. HK), which is listed on the Hong Kong stock market, announced its 2023 performance forecast yesterday, with varying degrees of growth in revenue and net profit.
Firstly, let's take a look at the performance of the catering industry throughout 2023. According to the latest data released by the National Bureau of Statistics on January 17th, the total retail sales of consumer goods in 2023 reached 47149.5 billion yuan, an increase of 7.2% compared to the previous year. The catering revenue reached 5289 billion yuan, a year-on-year increase of 20.4%. The catering revenue of units above the designated size was 1335.6 billion yuan, a year-on-year increase of 20.9%.
The institution pointed out that the high growth rate of revenue in the catering industry in 2023 is due to a lower base in 2022, and after a long period of suppressed catering demand, there was a recovery growth in 2023.
Ninety nine percent is expected to have a net profit of no less than 450 million yuan last year
The performance expectations for last year, which were announced yesterday, to some extent reflect the hot performance of the catering industry.
According to the announcement, Jiumao Jiu is expected to have a revenue of 5.986 billion yuan in 2023, a year-on-year increase of about 49.4%, and a net profit of no less than 450 million yuan, a year-on-year increase of no less than 812.8%.
Note: Announcement
Jiumao Jiujiu explained that the expected increase in performance last year was mainly due to the expansion of the restaurant network, with the total number of operating restaurants increasing from 556 at the end of 2022 to 726; Same store sales have increased, and its business has recovered from the epidemic. Last year, the number of business days and turnover rate increased; Improved operational efficiency. Furthermore, there has been a significant increase in net profit, which is related to the lower base of Jiumao Group in 2022, with a net profit of only 49.28 million yuan.
Some catering stocks have announced their 2023 performance
In addition to 99%, Hai Di Lao and Yum! Brands China, which are also listed on the Hong Kong stock market, have been the first to announce their 2023 performance.
Taking Haidilao as an example, in 2023, the company expects its continuing operating revenue (i.e. the remaining business after excluding Tehai International business) to be no less than RMB 41.4 billion, with a year-on-year growth of no less than 33.3%; Net profit has reached a new high, expected to be no less than 4.40 billion yuan, with a year-on-year growth of no less than 168.29%
Note: Announcement from Hai Di Lao
Yum! Brands China achieved a year-on-year increase of 14.72% in revenue to $10.978 billion and a year-on-year increase of 87.10% in net profit to $827 million in 2023.
Note: Announcement from Yum! Brands China