Ohsho Food Service

Ohsho Food Service (9936): Solid Sales for April; Announced Price Hikes

Equity Bottom-Up
367 Views, 06 May 2022 12:34
EXECUTIVE SUMMARY
  • All-store sales of 6.649bn yen (107.7% vs. April 2021) were the record high for April. In-store dining sales were 118.4% vs. April 2021, and delivery sales were 111.8% vs. April 2021.
  • In April, the company opened two new stores (two directly-owned stores) and closed one store (one franchised store)
  • The company announced that it would raise the retail price of approximately 20% of all items on its grand menu by 20 to 30 yen excluding tax, effective May 14
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