Lakaffa global expansion leads share prices higher.

Lakaffa announced its consolidated revenue for April. At NT$291 million, the growth is 6.4% over the previous month and 61.65% for Year-Over-Year. The cumulative consolidated revenue for the first four months reached NT$1.08 billion, a Year-Over-Year growth of 53.57%. The company stated that the acquisition and global expansion at the beginning of the year and the starting of the peak season in the industry will continue the company’s growth momentum. As a result, the single month of April and the cumulative revenue for the first four months were able to show breakthroughs and hit record highs.

The company pointed out that the acquisition of Re Light in Hangzhou, China, its continuous global expansion, and the industry entering its peak season all contributed to its excellent performance. “Chatime” has sped up its global expansion and opened new stores in Paris (France), Perth (Australia), London (UK), New York (USA), Sultanate of Oman, Hangzhou (China), Yokohama (Japan), Tokyo (Japan) and Daegu (Korea). On average, the company opens 1.5 stores per day, demonstrating its capabilities.

With “Hei Long Tang” and “GOMAX” added to its portfolio, the company’s market share in China also has grown rapidly. Taiwan’s bubble tea fad will once again sweep the world. In addition to promoting its Chatime brand, the company will also speed up its expansion of the “Bake Code” brand. After three years of operations optimization and adjustment, the store in Xihu, Taipei was officially opened on May 2nd. The grand opening was better than expected and the brand is expected to become the next star of the company.

Looking forward to the second quarter, the company believes that as the industry enters the peak season, the demand for tea drinks, sweet desserts and meals will grow. The company’s non-stop global expansion of its diverse brands will continue to help its revenue grow into the next quarters.

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MoneyDJ news 2018-05-08 16:59:10 News Center