Cafe de Coral Holdings Ltd. ( (HK:0341) ) has provided an update.
Café de Coral Holdings Limited has issued a profit warning, anticipating a decline of up to 30% in profits for the year ending March 2025 compared to the previous year. The downturn is attributed to a weak economy and consumer sentiment in Hong Kong and Mainland China, alongside increased competition and outbound spending by Hong Kong citizens. Despite these challenges, the company is enhancing its operations through digitalization, menu adjustments, and loyalty strategies, while maintaining a steady expansion in Mainland China. The company is adapting to a new market norm by optimizing its network and exploring new opportunities to sustain its business.
More about Cafe de Coral Holdings Ltd.
Café de Coral Holdings Limited is a company incorporated in Bermuda, primarily operating in the restaurant sector. It offers quick service and casual dining options, with a focus on the Hong Kong and Mainland China markets, particularly the Greater Bay Area.
YTD Price Performance: -8.71%
Average Trading Volume: 863,216
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$4.09B
See more data about 0341 stock on TipRanks’ Stock Analysis page.