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Retail drinks and hospitality business Endeavour Group has posted a slight increase in sales for the fiscal first half, but netprofit was down as the group previously expected. However, netprofit after tax slid 3.6 per cent to $351 million, impacted by higher finance costs and in line with previous guidance.
The growth was partly assisted by the opening of eight net new stores since mid-2022, and five more are planned for the second half of this year. Netprofit for the first half was up 6.6 Netprofit was 1.6 billion baht (US$1.1 billion), an increase of 9.3 per cent over the first six months of 2022. billion baht.
Netprofit increased by 6.3 Despite owning a couple of premier shopping malls in tourist locations, HomePro’s rental income actually fell in the first quarter, by 5.5 After suffering a year-on-year revenue decline in the fourth quarter, HomePro recovered somewhat and enjoyed revenue growth of 2.9 billion baht ($530 million).
By the company’s 20th anniversary it had expanded to 160 locations mainly operated by franchisees. The franchisor does not offer financing directly or indirectly. In addition to the typical ongoing costs of operating a restaurant, other ongoing fees and expenditures apply to owning Jimmy John’s locations.
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