Latest news with #storeexpansion
Yahoo
03-06-2025
- Business
- Yahoo
Bata India Ltd (BOM:500043) Q4 2025 Earnings Call Highlights: Navigating Revenue Challenges ...
Revenue from Operations: INR 788 crores, a decline of about 1.2% compared to the previous year, same quarter. Gross Margin: INR 455 crores, with an erosion of about 230 basis points versus the last year, same quarter. EBITDA Margin: 25.5%, a decrease of about 14 basis points compared to last year. Tax Expense: INR 46 crores, a decline of about 215 basis points versus last year, same quarter. Store Expansion: Increased to about 146 stores from less than 40 in the previous quarter. Inventory Reduction: Overall inventory dropped by 16%, with aged inventory reduced by 30-35%. Franchise Stores: Standard at about 625 stores. Retail Outlets Expansion: Key retail outlets expanded to almost 1,400 outlets. Warning! GuruFocus has detected 3 Warning Signs with CRLBF. Release Date: June 02, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Bata India Ltd (BOM:500043) has significantly expanded its store network from less than 40 to 146 stores, indicating robust growth and market penetration. The company has successfully reduced inventory by 25% and improved size set availability by 300 basis points, enhancing customer satisfaction. The introduction of new collections like Power Move+ and Floatz has driven volume growth, with Floatz achieving a growth rate of over 40% and doubling in size over two years. Bata India Ltd (BOM:500043) has improved retrieval time for customers to less than 1 minute and 45 seconds, enhancing the shopping experience. The company is focusing on premiumization with successful launches like the Stamina+ collection and Hush Puppies expansion, which are expected to unlock future revenue. Bata India Ltd (BOM:500043) reported a revenue decline of 1.2% compared to the previous year, indicating challenges in maintaining sales growth. The gross margin eroded by 230 basis points, partly due to increased franchising operations and value proposition adjustments. The EBITDA margin decreased by 14 basis points, with changes in accounting for licensed brands affecting comparability. Muted demand conditions have impacted overall revenue performance, with the company acknowledging tight market conditions. The company faces challenges in achieving desired revenue growth from lower price point products, despite some volume growth. Q: Can you explain the factors contributing to the gross margin contraction this quarter? A: Amit Aggarwal, CFO, explained that the mix of franchise and e-commerce operations impacts gross margins. Additionally, efforts to provide value propositions and reset costs for key products have contributed to the contraction. Q: What is the channel mix in terms of revenue for this year? A: Amit Aggarwal stated that retail accounts for about 70% of revenue, franchise at 7.5%, e-commerce at 10%, and R&D at 12-13%. Q: How should we think about store addition momentum going forward? A: Gunjan Shah, CEO, mentioned that store additions should be higher next year, maintaining an 80/20 ratio between franchise and COCO models. Q: Can you elaborate on the lower other expenses this quarter? A: Amit Aggarwal explained that a change in the construct of a licensed brand led to the creation of an intangible asset, affecting depreciation and finance costs. This will be recurring for the next three quarters. Q: What are the opportunities arising from the implementation of BIS standards? A: Gunjan Shah noted that Bata India is 100% localized, with BIS standards eliminating less than 5% of imports. This presents an export opportunity for Bata globally. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Zawya
02-06-2025
- Business
- Zawya
Jollibee Continues Stellar Growth Across Southeast Asia, Strengthens Leadership in Key Markets
MANILA, PHILIPPINES - Media OutReach Newswire - 2 June 2025 - Jollibee, the flagship brand of Jollibee Group, continues its remarkable growth across Southeast Asia, recording strong sales performance and store expansion across key markets in the region. In Q1 2025, the brand achieved an impressive 27.8% systemwide sales growth across its Southeast Asia operations outside the Philippines, including Vietnam, Malaysia, Singapore, and Brunei. Jollibee's strong showing in Southeast Asia strongly contributed to the Jollibee Group's third consecutive year of record performance in 2024. The brand opened 51 new stores in the region in 2024, including its 200 th store in Vietnam, which reflects Jollibee's commitment to bringing the joy of eating to the region's most dynamic quick-service restaurant (QSR) markets. "We are grateful for our consumers' love for Jollibee, which reflects the strength of our flagship brand and the appeal of our offerings in different markets," said Ernesto Tanmantiong, Global President and Chief Executive Officer of the Jollibee Group. "Our continued strong growth across our international markets, particularly Southeast Asia, is a testament to the hard work of our team and commitment to our 5-year strategy of tripling attributable net income." Winning with Local Love, Taste, and Innovation The brand's continuous effort to build relevance and resonance with local customers has resulted in strong local patronage across all Southeast Asian markets. In Vietnam, for example, where Jollibee now operates over 200 stores, nearly all customers are Vietnamese. In Brunei, Jollibee has established a leading position as the market leader in the QSR category, with virtually all customers also being local Bruneians. The brand is also experiencing strong community patronage in Singapore and Malaysia, where the majority of its consumers are locals. Another key driver of Jollibee's success in the region is the taste superiority of its products, especially the brand's world-famous Chickenjoy fried chicken—recognized by global platforms such as USA Today as the"Best Fried Chicken" and lauded by renowned publications including Yahoo!, and South China Morning Post. The brand's Spicy Chickenjoy is also continuing to make waves, with many local consumers in Singapore and Malaysia praising its uniquely spicy kick compared to the competition. Beyond its fan-favorite bestsellers, Jollibee's success has also been fueled by its ability to introduce locally resonant menu innovations, including Chili Chicken in Vietnam and the Spicy Spaghetti in Malaysia, which have been well-received by local consumers. "Our commitment to delivering superior taste has fueled our growth in Southeast Asia, and we're grateful to have passionate franchisees and partners who share in this mission," shared Dennis Flores, President of Jollibee Europe, Middle East, Asia, and Australia."We are excited to strengthen these relationships, while also seeking new franchisees for new markets as we bring the joy of superior taste to more customers around the world." Accelerating Expansion in Southeast Asia Riding on this momentum, Jollibee will continue its store network expansion across Southeast Asia, contributing to the global food company's mid-term goal of tripling its business in five years. This ongoing expansion reinforces Southeast Asia's critical role in Jollibee Group's global growth strategy, as the company continues its commitment to spreading joy through superior taste through global expansion, combining strong brand equity, product excellence, and operational agility. For more information on Jollibee Group, visit Jollibee Group's official website. Hashtag: #JollibeeGroup The issuer is solely responsible for the content of this announcement. About Jollibee Group The Jollibee Group (PSE: JFC) is one of the world's fastest-growing restaurant companies, driven by its purpose of spreading joy through superior taste. Its portfolio includes 19 brands with over 9,900 stores across 33 countries. The Jollibee Group's portfolio includes nine wholly owned brands (Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, Yonghe King, Hong Zhuang Yuan, Smashburger and Tim Ho Wan), five franchised brands (Burger King, Panda Express, Yoshinoya, Common Man Coffee Roasters, and Tiong Bahru Bakery in the Philippines), and ownership stakes in other key brands like The Coffee Bean and Tea Leaf (80%), Compose Coffee (70%), SuperFoods Group that operates Highlands Coffee (60%), and bubble tea brand Milksha (51%). The Company also has membership interests in Tortazo, LLC, along with Chef Rick Bayless, for Tortazo in the U.S. and has recently invested in Botrista, a leader in beverage technology. The Jollibee Group's global sustainability agenda, Joy for Tomorrow, underscores its commitment to sustainable business practices across food safety, employee welfare, community support, good governance, and environmental responsibility, among others. These focus areas are aligned with the United Nations Sustainable Development Goals (UN SDGs). The Jollibee Group has been recognized as the Philippines' Most Admired Company by the Asian Wall Street Journal, named one of Asia's Fab 50 Companies, and listed among Forbes' World's Best Employers and Top Female-Friendly Companies. The Company is also a three-time Gallup Exceptional Workplace Award recipient and featured in TIME's World's Best Companies and Fortune's Southeast Asia 500 List. Jollibee Group
Bloomberg
12-05-2025
- Business
- Bloomberg
South Africa's Recently Listed Budget Grocer Plans More Stores
Boxer Retail Ltd. plans to increase its store rollout in the next three months as South Africa's most recently listed budget-grocery chain makes the most of a new distribution center and a market that's starved for growth. The retailer will soon open a new distribution center in the country's eastern province of KwaZulu-Natal. This will fuel capacity for at least 200 new stores in the next five years, Chief Executive Officer Marek Masojada said Monday.
