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SINGAPORE - Super Hi International Holding Ltd. (NASDAQ:HDL) reported better-than-expected first quarter earnings on Wednesday.
The company’s shares were up 2.59% in pre-market trading following the release.
The Chinese hot pot restaurant chain operator posted adjusted earnings per share of $0.02 for the quarter ended March 31, compared to a loss of $0.01 per share in the same period last year. Revenue rose 5.4% YoY to $197.8 million.
Super Hi’s profit turnaround was largely driven by a $20.4 million decrease in net foreign exchange losses due to currency fluctuations. However, income from operations fell 33.9% to $8.2 million as the company invested in customer and employee initiatives.
"In the first quarter of 2025, our focus was on proactively adjusting our operational strategies to deliver greater value to customers through various customer-centric initiatives," said CEO Yang Lijuan in a statement.
The company opened 4 new Haidilao restaurants and closed 3 underperforming locations during the quarter, bringing its total restaurant count to 123 as of March 31. Same-store table turnover rate increased slightly to 4.0 times per day from 3.9 times a year ago.
Total (EPA:TTEF) guest visits rose 6.8% YoY to over 7.8 million in Q1. However, average spending per guest declined to $24.20 from $24.90 last year as Super Hi implemented more "rational pricing strategies" to enhance customer loyalty.
While near-term profit margins faced pressure, management remains committed to long-term investments in its workforce and dining experience to drive sustainable growth.
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