Wowprime Thai Town Group (2729) announced its financial results for the third quarter of this year, with single-quarter revenue reaching NT$1.615 billion, a record quarterly high; cumulative consolidated revenue for the first three quarters reached NT$4.905 billion, up 6.24% year-on-year, also a record high for the same period. On the profit side, gross operating profit for the first three quarters was NT$2.436 billion, operating profit was NT$268 million, and net profit attributable to the parent company was NT$170 million, with earnings per share of NT$4, of which third-quarter single-quarter earnings per share was NT$0.53.
Festive Business Boosts Traffic, Cost Pressures Weigh on Profit
Looking back at the third quarter, the Group benefited from the summer travel peak season, as well as Father's Day and Mid-Autumn Festival holiday business, driving warmer demand for family and friends gatherings and boosting customer traffic at stores across Taiwan. The company said that promotional campaigns and new store openings took effect simultaneously, driving overall revenue growth, while cross-industry collaborations and IP marketing created consumption highlights, strengthening brand engagement and customer loyalty. Net profit after tax for the first three quarters decreased 39% from the same period last year, mainly due to rising food ingredients, labor and other operating costs. The Group will continue to promote supply chain integration and improve store operating efficiency, strengthen cost control, and strive for a gradual recovery in profitability.
Entering Eastern Taiwan, Deepening U.S. Market Presence
In terms of store expansion, the Group entered the eastern Taiwan market for the first time at the end of August, with the Wowprime Taitung store recording a maximum table turnover rate of 5 times on its opening weekend; in September it opened another Wowprime store at the MRT Xiaobitan shopping mall, targeting MRT co-constructed malls and high-density residential family customers nearby. In overseas markets, the first Los Angeles store at Westfield Century City, Very Thai by Wowprime, operated steadily, and in August a second U.S. brand was opened in Silver Lake, Los Angeles, expanding its diverse customer base with a more distinctive, younger positioning and differentiated menu.
Revenue for First 10 Months Hits Record High, Eyeing Anniversary Sales and Year-End Peak Season
The Group also announced consolidated revenue for October of nearly NT$500 million, with cumulative consolidated revenue for the first 10 months reaching NT$5.405 billion, up 5.41% year-on-year, setting another record high for the same period. In October, some mall and street-side stores suspended operations in line with typhoon prevention measures due to typhoon-related work and school closures, reducing operating days and briefly affecting single-month performance, but benefiting from Double Ten holiday gathering demand and department store anniversary sale traffic, the first 10 months still maintained steady growth. Looking ahead to the fourth quarter, major department stores across Taiwan will enter the annual anniversary sale peak season, and with most of the Group's stores located in core department stores and shopping malls, it is expected to benefit from mall traffic and consumption momentum. With the arrival of the year-end dining peak season, demand for corporate year-end parties, spring banquets, and year-end family and friends gatherings is warming up, and its brands will capture bulk reservations and festive gathering opportunities by leveraging their multi-brand, multi-cuisine and different price-range advantages. Domestically, it will continue its precise multi-brand expansion strategy, focusing on core department store malls, railway living circles and areas with growth potential; overseas, it will build on its two Los Angeles brands, Very Thai by Wowprime and BOBO Thai, to deepen local operations and prudently evaluate further expansion in North America. In addition, the Group launched the Wowprime birthday celebration series this month, combining exclusive offers and wa10 APP member engagement programs to deepen member management.