Haidilao Shares Rise Following Strong Delivery Growth
· Business · CNBC, Yahoo Finance
Shares of the Chinese hotpot chain Haidilao International rose more than 7% in Hong Kong following the release of its first-half financial results. The company reported that delivery revenue more than doubled, increasing by 121.2% to 2.05 billion yuan. While revenue from its core self-operated restaurants declined by 4%, the firm saw a 113.1% surge in revenue from other catering brands under its Pomegranate Plan. Haidilao plans to scale up its single-serving fast-food formats as a key driver for future revenue growth.
Why it matters
The shift toward delivery and diversified catering formats demonstrates how major restaurant chains are adapting to changing consumer habits in China's competitive food service sector.
Read the original report — CNBC
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