First Quarter EPS hit a record high of 3.69 and the business turned profitable

2020-04-28 00:00

CEO.jpg

YummyTown -KY (2726) has emerged from a period of operational challenges. The profitfrom the sale of its 70% equity stake in the Chinese business, along with a returnto profitability in the core business after a three-year gap, resulted in aprofitable first quarter. The company achieved NT$129 million in quarterlyrevenue, a year-on-year decrease of 28.02%, and after-tax net profit ofNT$95.55 million. This turnaround from losses to profits in the same periodlast year lays the foundation for sustained operational growth this year, withearnings per share (EPS) reaching NT$3.69—a historical high for a singlequarter.

YummyTown -KY has overcome three consecutive years of losses and set five growthpillars to fuel its operations this year. Following the transformation andspin-off of its Chinese business, the company is now repositioning itselfthrough licensing models. Simultaneously, it continues to deepen its presence inthe U.S. and overseas markets, particularly with the Happy Lemon brand, whichaims to become the “Best Global Tea Beverage Entrepreneurship Platform.” Thegroup remains actively engaged in seeking merger and acquisition targets toexpand its operational scope and scale, creating a new post-pandemic outlookand striving for stable profitability throughout the year.

Thisyear, Yummy Town -KY appointed Jiang Xiyi, formerly the General Manager of theCrown Group, as its General Manager. Leveraging his experience in multinationalcorporate management and international business development, Jiang Xiyi willlead Yummy Town -KY in exploring new opportunities. The company’s newmanagement team has identified five future growth pillars: food technology,diversified channels, brand marketing, global supply chains, and investment andacquisitions.

Interms of food technology, Yummy Town -KY aims to achieve large-scalecustomization through digital AI empowerment. This will enhance consumerexperiences, brand loyalty, and create an all-in-one intelligent beveragesolution. In the context of global labor and material shortages, the newintelligent Happy Lemon stores will not only feature new brand IPs and visualsbut will also incorporate AI-powered and intelligent tea beverage equipment toenhance single-store operational efficiency and create competitivedifferentiation. Many international distributors have expressed interest inadopting this new AI+ intelligent tea beverage equipment, making foodtechnology more tech-driven.

YummyTown -KY emphasizes the continuous expansion of diverse commercial channels toincrease brand visibility and sales volume. The key lies in building a robustHappy Lemon brand, which is essential for creating the “Best Global TeaBeverage Entrepreneurship Platform.” Recently, Happy Lemon took the lead inentering the T-Mobile Arena in Las Vegas, a prominent sports and concert venue.It is set to become an important partner for the T-Mobile Arena, contributingto increased brand visibility and franchise business promotion across theUnited States.

Thecompany believes in three major growth pillars this year. First, it will expandthe global market presence of the Happy Lemon brand in the core tea beveragebusiness. Second, it will accelerate store expansion through diversifiedcommercial channel models, creating growth momentum. Third, it will continue tobuild a global supply chain platform, strengthen operational foundations,develop restaurant alliance platforms, invest in mergers and acquisitions, andsupport overseas business development. With these three pillars, Yummy Town -KYis confident that its operational trajectory will return to a positive track inthe future.



News from:https://udn.com/news/story/7238/7834217



昵称:
内容:
验证码:
提交评论
评论一下