Haidilao International Holding Full Year 2023 Earnings: Beats Expectations

Haidilao International Holding (HKG:6862) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥41.5b (up 34% from FY 2022).
• Net income: CN¥4.50b (up 175% from FY 2022).
• Profit margin: 11% (up from 5.3% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CN¥0.83 (up from CN¥0.30 in FY 2022).

6862 Sales Performance and Store Count

• Same store sales growth: 3.8% vs FY 2022.
• Total stores: 1,374 (up by 3 from FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Haidilao International Holding Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%.

Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Hong Kong.

Performance of the Hong Kong Hospitality industry.

The company's shares are up 13% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Haidilao International Holding that you should be aware of.

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