Summary by Moomoo AI
KUMAO JIU INTERNATIONAL HOLDINGS LIMITED ISSUED A VOLUNTARY ANNOUNCEMENT ON APRIL 19, 2024, ANNOUNCING UNAUDITED KEY OPERATING DATA FOR THE FIRST QUARTER OF 2024. As of 31 March 2024, the Group has a total of 736 branded restaurants, with the largest number of Taiji brand restaurants reaching 584. The tipping rate and customer spending of the major brands were announced, while Tai II's customers in the Mainland of China spent $68 and $164 in the rest of the region. At the same time, both Tai Yi and Hung Hot Pot's customer spending and same-store sales decreased in the first quarter of 2024, mainly due to changes in the external environment and brand adjustment strategies, including adjustments to menu structure and menu prices. In addition, the decline in...Show More