Financial Performance - Revenue for Q3 2024 was $198.6 million, an increase of 14.6% compared to $173.3 million in Q3 2023[6] - Operating profit for the quarter was $14.9 million, a 52.0% increase from $9.8 million in Q3 2023[13] - The company reported a net profit of $37.7 million for the quarter, compared to a loss of $1.4 million in Q3 2023[13] - The net profit for the three months ended September 30, 2024, was $37.656 million, a significant recovery from a net loss of $1.402 million in the same period of 2023[33] - The company reported a total comprehensive income of $24.070 million for the three months ended September 30, 2024, compared to $1.617 million in the prior year[33] Customer Traffic and Sales - Total customer traffic exceeded 7.4 million, a 4.2% increase from 7.1 million in the same period last year[8] - Same-store sales growth rate was 5.6%[9] - Same-store sales for Southeast Asia reached $96.839 million, up from $93.131 million in the previous year, reflecting a growth of 7.3%[24] - The average daily sales per store in North America increased to $21.8 thousand from $20.9 thousand, indicating a growth of 4.3%[24] - The total number of same-store locations as of September 30, 2024, was 106, with 65 in Southeast Asia, 13 in East Asia, and 18 in North America[24] Operational Metrics - Operating profit margin was 7.5%, up from 5.7% in Q3 2023, reflecting a 1.8 percentage point improvement[10] - The number of restaurants increased to 121, net adding 6 restaurants since the end of 2023[6] - Average table turnover rate was 3.8 times per day, compared to 3.7 times per day in the same period last year[7] - The average table turnover rate remained stable at 3.7 times per day across all regions[24] Cash Flow and Assets - Cash and cash equivalents increased to $215.162 million as of September 30, 2024, up from $152.908 million at the end of 2023[34] - The company’s non-current assets totaled $355.875 million as of September 30, 2024, slightly down from $357.921 million at the end of 2023[34] - Net cash provided by operating activities for the three months ended September 30, 2024, was $40,699 thousand, compared to $41,311 thousand for the same period in 2023[39] - Net cash used in investing activities for the three months ended September 30, 2024, was $(52,921) thousand, a significant increase from $(19,911) thousand in the prior year[39] - Net cash used in financing activities for the three months ended September 30, 2024, was $(11,440) thousand, compared to $(10,022) thousand in the same period last year[39] - The net increase in cash and cash equivalents for the three months ended September 30, 2024, was $70,570 thousand, a turnaround from a decrease of $(43,032) thousand in the prior year[39] - Cash and cash equivalents at the beginning of the period were $140,659 thousand, up from $118,936 thousand a year earlier[39] - Cash and cash equivalents at the end of the period totaled $215,162 thousand, significantly higher than $75,271 thousand at the end of the same period in 2023[39] Future Plans - The company plans to reopen a temporarily closed restaurant in Southeast Asia as a second brand restaurant in the near future[6]
特海国际(09658) - 2024 Q3 - 季度业绩