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Yoshiharu Global | 10-Q: Q3 2024 Earnings Report

Yoshiharu Global | 10-Q: Q3 2024 Earnings Report

Yoshiharu Global | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/20 05:56

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Yoshiharu Global Co. reported Q3 2024 revenue of $3.0 million, up 48.9% from $2.0 million in Q3 2023, driven primarily by the acquisition of three Las Vegas restaurants in April 2024 which contributed $1.1 million in additional revenue. However, net loss widened to $1.2 million from $0.9 million in Q3 2023 due to higher operating expenses and interest costs related to the expansion.Restaurant-level contribution margin improved to 11.0% for the first nine months of 2024 compared to 8.1% in the same period of 2023, reflecting enhanced operational efficiency. The company maintained stable food and beverage costs at 28.3% of sales while reducing labor costs as a percentage of sales to 44.6% from 55.6% year-over-year in Q3.The company expanded its footprint to 15 locations with the opening of a new restaurant in San Clemente on October 31, 2024, with two additional locations under construction. Management secured a $1 million private placement investment in October 2024 to fund expansion into the Korean BBQ segment, demonstrating continued execution of its growth strategy despite wider losses.
Yoshiharu Global Co. reported Q3 2024 revenue of $3.0 million, up 48.9% from $2.0 million in Q3 2023, driven primarily by the acquisition of three Las Vegas restaurants in April 2024 which contributed $1.1 million in additional revenue. However, net loss widened to $1.2 million from $0.9 million in Q3 2023 due to higher operating expenses and interest costs related to the expansion.Restaurant-level contribution margin improved to 11.0% for the first nine months of 2024 compared to 8.1% in the same period of 2023, reflecting enhanced operational efficiency. The company maintained stable food and beverage costs at 28.3% of sales while reducing labor costs as a percentage of sales to 44.6% from 55.6% year-over-year in Q3.The company expanded its footprint to 15 locations with the opening of a new restaurant in San Clemente on October 31, 2024, with two additional locations under construction. Management secured a $1 million private placement investment in October 2024 to fund expansion into the Korean BBQ segment, demonstrating continued execution of its growth strategy despite wider losses.
Yoshiharu 全球货币有限公司报告2024年第三季度营业收入为300万美金,比2023年第三季度的200万美金增长了48.9%,主要得益于2024年4月收购的三家拉斯维加斯餐厅,这为公司带来了110万美金的额外营业收入。然而,由于营业费用和与扩张相关的利息成本增加,净亏损从2023年第三季度的90万美金扩大至120万美金。餐厅级贡献利润率在2024年前九个月提升至11.0%,相较于2023年同期的8.1%,反映了运营效率的提高。公司维持食品和饮料成本稳定在销售的28.3%,同时将销售的劳动力成本比例从去年同期的55.6%降低至44.6%。公司在2024年10月31日在圣克莱门特开设了一家新餐厅,扩展至15个地点,并有两个额外的地点在施工中。管理层在2024年10月获得了100万美金的定向增发投资,以资助扩展至韩国烧烤 segment,尽管亏损扩大,仍展现出持续执行其增长策略的决心。
Yoshiharu 全球货币有限公司报告2024年第三季度营业收入为300万美金,比2023年第三季度的200万美金增长了48.9%,主要得益于2024年4月收购的三家拉斯维加斯餐厅,这为公司带来了110万美金的额外营业收入。然而,由于营业费用和与扩张相关的利息成本增加,净亏损从2023年第三季度的90万美金扩大至120万美金。餐厅级贡献利润率在2024年前九个月提升至11.0%,相较于2023年同期的8.1%,反映了运营效率的提高。公司维持食品和饮料成本稳定在销售的28.3%,同时将销售的劳动力成本比例从去年同期的55.6%降低至44.6%。公司在2024年10月31日在圣克莱门特开设了一家新餐厅,扩展至15个地点,并有两个额外的地点在施工中。管理层在2024年10月获得了100万美金的定向增发投资,以资助扩展至韩国烧烤 segment,尽管亏损扩大,仍展现出持续执行其增长策略的决心。
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