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Friday, May 3, 2024

Revenues surge at restaurant chains as dining out is back in vogue

MK Restaurant Group’s revenue rose 10% year on year to 4.435 billion baht in the second quarter, while net profit reached 459 million baht, a 4.5% increase during the same period. In the first six months, the company’s revenue totaled 8.52 billion baht, up 13.5% year on year, and its net profit was 784 million baht, a 10.4% on-year increase.

MK Suki remains the group’s top earner, accounting for 75% of its revenue, followed by Yayoi (18%), and Lam Charoen (6%). Dine-in services fully recovered in the first half of the year, accounting for 85% of revenue compared to 77% in the year-ago period. Take-away accounts for 6% and delivery for 9%.

Although overall sales and profits increased, expenses rose 16% on-year in the first half to 4.77 billion baht. Wages comprised 51% of total expenses, with the rest being depreciation, rent, and utilities.

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