- Revenue rose by 5.4% year-over-year to $197.8 million, led by strong performance in restaurant operations and delivery service.
- Despite a decline in operating income by 33.9% to $8.2 million, Super Hi (NASDAQ: HDL) swung to a $11.9 million profit from a $4.5 million loss in Q1 2024.
- The company's restaurant network expanded to 123 locations with more than 7.8 million guest visits, up 6.8% from the previous year.
Super Hi (NASDAQ: HDL) has announced its unaudited financial results for the first quarter of 2025, revealing a mixed performance. Revenue increased by 5.4% to reach $197.8 million, driven by restaurant operations which contributed $188.4 million, followed by a substantial 37.9% increase in delivery business revenue to $4.0 million. Other business revenue added $5.4 million.
The company's network grew to 123 restaurants with four new openings and three closures due to underperformance. Customer engagement improved as guest visits rose 6.8% to 7.8 million, maintaining a table turnover rate of 3.9 times per day. However, income from operations fell by 33.9% to $8.2 million, which led to a decline in operating margin from 6.6% to 4.1%. This drop was attributed to increased investments in customer-focused initiatives and improved employee benefits.
Despite the pressure on operations, Super Hi reported a notable profit of $11.9 million, reversing a $4.5 million loss from Q1 2024. The improvement was largely credited to a reduction in foreign exchange losses. The company's focus on long-term value through strategic customer and employee investments seems to be a key factor in its performance, with the delivery sector and expanded restaurant network showing promising growth.
