Cafe de Coral expects to report decrease web revenue for the six months ended September 30 as a result of a “extreme and anticipated downturn” amid a weakened financial system.
The restaurant chain forecasts web revenue to say no not increased by 30 per cent from HK$200.6 million (US$25.8 million) within the year-ago interval, because of the plunge within the restaurant enterprise and a high-base impact following robust gross sales restoration when the pandemic-related restrictions had been lifted.
In Hong Kong, the corporate centered on worth provides, menu combine, hero product promotions, and membership loyalty methods to create demand and assist offset decline.
In Mainland China, the corporate carried out fast menu investments, promotional provides, and model campaigns to maintain a secure efficiency and revenue margins.
“With the central authorities’s decided efforts to advertise restoration of the financial system, in addition to our robust underlying enterprise fundamentals and regular deal with fixed inner enchancment, the group is properly positioned to return to development because the market recovers,” stated the corporate.
