Haidilao tastes profit success with budget hotpot chain
The Chinese restaurant sector is continuing a run of upbeat results and earnings forecasts, with hotpot giant Haidilao saying its profits surged last year Key Takeaways: Haidilao predicted its net…
Haidilao says ‘Hi’ to new budget brand
The popular hotpot chain’s rollout of its lower-priced Hailao brand comes as diners cut back their spending in China’s weakening economy Key Takeaways: Haidilao’s new Hailao budget hotpot chain got…
Hot pot dining boom helps Jiumaojiu serve up profit feast
The restaurant chain selling Chinese sauerkraut fish and hot pot dishes has rebounded from the pandemic with a nearly fourfold jump in first-half profits Key Takeaways: Jiumaojiu’s revenues surged more…
FAST NEWS: Xiabuxiabu returns to profits as customer traffic surges
The latest: Hotpot chain group Xiabuxiabu Catering Management (China) Holdings Co. Ltd. (0520.HK) said Monday it expects a net profit of no less than 2 million yuan ($280,000) in the first…
Xiabuxiabu serves up bold expansion plan for post-Covid comeback
The Taiwanese-style hotpot chain was still mired in losses last year, but its revenues are picking up as China’s economy recovers Key Takeaways: Xiabuxiabu has projected falling revenue and a…
Haidilao cooks up profits with store-slimming ‘woodpecker plan’
China’s top hotpot chain returned to profitability last year by shuttering underperforming stores, reversing an earlier expansion that was overly aggressive Key Takeaways: Haidilao returned to the black last year…
Jiumaojiu Closes Out 2022 With Wash of Red, But Sees Tastier Times Post-Covid
The operator of a popular restaurant chain serving ‘sauerkraut fish’ posted a rare loss in the second half of last year, but is seen bouncing back strongly in 2023Key Takeaways:Jiumaojiu’s…
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