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Dec 31, 2024
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Super Hi Q4 2024 Earnings Report
Super Hi reported solid Q4 2024 results with revenue growth and operational improvements, though impacted by foreign exchange losses resulting in a net loss.
Key Takeaways
Super Hi achieved Q4 2024 revenue of $208.8 million, up 10.4% year-over-year, driven by expansion and strong guest traffic. Income from operations reached $17.5 million with an improved margin of 8.4%. However, a net loss of $11.6 million was recorded due to significant foreign exchange losses. The company continued expanding its restaurant network, ending the quarter with 122 locations.
Q4 2024 revenue increased 10.4% to $208.8 million.
Income from operations grew 44.6% to $17.5 million with an 8.4% margin.
Net loss of $11.6 million due to a $40.4 million foreign exchange loss.
Same-store sales growth was 4.2% with stable turnover rates.
Super Hi
Super Hi
Super Hi Revenue by Segment
Revenue by Segment
Haidilao Restaurants Revenue
CapyFin.comDelivery Business Revenue
CapyFin.comOther Business Revenue
CapyFin.com Forward Guidance
Super Hi aims to further expand its Haidilao restaurant network and intensify efforts under the Pomegranate plan to diversify business offerings and customer segments.
Positive Outlook
- Continued expansion of restaurant network across international markets.
- Focus on strengthening brand influence and guest traffic.
- Enhancement of global supply chain optimization.
- Improved operational efficiency and cost control.
- Further development of secondary branded restaurants through the Pomegranate plan.
Challenges Ahead
- Potential impact from foreign exchange fluctuations.
- Increased operational costs from network expansion.
- Rising staff costs due to expansion and wage adjustments.
- Competitive pressures in international dining markets.
- Economic uncertainties affecting discretionary spending and dining frequency.
Revenue & Expenses
Visualization of income flow from segment revenue to net income