The Zhitong Finance App learned that Jiumaojiu (09922) fell nearly 3% at the end of the session. As of press release, it was down 2.76% to HK$4.58, with a turnover of HK$547.582 million.
According to the news, Jiumaojiu recently announced that in the first quarter of 2024, Taiji, Hot Pot, and Jiumaojiu had turnover rates of 3.9, 3 and 3 respectively. The average customer consumption was 73 yuan, 116 yuan and 57 yuan respectively. The average daily sales volume of the same store decreased by 13.9%, 34.8% and 4.1%, respectively. In addition, the operating announcement also shows that the “Uncle Wei is a Chef” brand ceased operations in April 2024.
According to the company's 2023 financial report, “Uncle Wei is the Chef” became the only brand whose performance declined. Like 2022, the brand only had 1 store in the country, but its revenue dropped from 12.339,000 yuan to 10.765 million yuan. According to a recent research report by Caitong Securities, the restaurant's same-store restoration situation is quite divided. Affected by the decline in customer unit prices and the high base for the same period last year, the growth rate of the same store has yet to reach an inflection point. Specifically, the bank expects the growth rate of Tai'er's same store to remain under relative pressure.