Breadtalk food beverage retail, chart with support resistance

BreadTalk Group runs food & beverage retail outlets under nine different brands. It currently has a network of 934 stores across 17 locales in Asia and the Middle East. Of the 934 stores, 124 are in Singapore. Some of BreadTalk’s brands are the BreadTalk bakeries and Din Tai Fung Chinese-cuisine restaurants (Oct 2016)

27 Sep 2017

Oct 2016

Revenue was down marginally by 2.7% to $157.3 million as revenue from its food atrium business fell 11.4% to $40.6 million. 

Profit $3.3 million of earnings in 3Q16, doubling from $1.6 million a year ago on higher operating income from its bakery business. This was partially offset by revenue growth from the restaurant division. Revenue from its bakery division stood flat at $78.6 million. Cost of sales also fell 7.7% to $68.8 million.

Jan 2017
FY16 earnings of $11.4 million, up 50.4% from $7.6 million a year ago on a steeper drop in cost of sales and 3.3% higher other income of $8.9 million.
In the 4Q16, earnings came in at $4.4 million, four times the group's earnings of $1.1 million in 4Q15.
The group's y-o-y improvement in FY16 earnings comes despite a 1.5% decline in revenue for the full year to $615 million from $624.1 million a year ago.

In FY16, revenue from the group's bakery division fell 0.7% to $305.9 million, primarily due to weakness in the China franchise business, which is mitigated by strong performance of direct operated stores in Singapore as well as BreadTalk's international franchise business.
Food Atrium fell 8.2% to $158.9 million as same store sales declined across the group's China outlets during the year.

The lower revenue from the bakery division and Food Atrium was largely offset by a 4.9% on-year revenue growth in the restaurant division to $150.2 million due to continued store sales growth momentum, recovery at Ramen Play, and higher contribution from Din Tai Fung Thailand.