Zhitong Finance APP learned that the dining stocks rebounded in early trading. As of the time of publication, Helen's (09869) rose 5.99%, to HKD 2.3; Haidilao (06862) rose 4.46%, to HKD 14.06; Xiabu Xiabu (00520) rose 4.41%, to HKD 1.42; and Jiumaojiu (09922) rose 3.76%, to HKD 3.86.
Sino-Wan Hongyuan previously stated that Hong Kong-listed catering companies have generally passed the peak period of store openings, and the franchise model is gradually being introduced. The same-store revenue in the first half of the year faced a high comparison base, and there may be some improvement in the second half of the year.
Huaxi Securities pointed out that the same-store sales of dining in the first half of the year faced great pressure due to the high base combined with a decrease in per customer spending. According to the announcements of various companies, in the first quarter, Tai'er and Songhuo Hotpot's same-store sales fell by 14% and -35% year-on-year, respectively, mainly due to the high base brought about by the retaliatory demand release in the same period last year, as well as the decrease in per customer spending caused by intensified low-price competition. Overall, there is great growth pressure on domestic dining same-store sales in the first half of the year, and high cost-performance, strong brand power, and overseas dining companies may perform better.