Skylark Holdings (3197): April Sales on an Improving Trend; Over 1,000 Robots in Operation

Equity Bottom-Up

164 Views, 09 May 2022 18:28

EXECUTIVE SUMMARY

Skylark Holdings (3197, the company) disclosed monthly data for April (on a preliminary basis). All of its restaurants resumed normal operations on March 22
April same-store sales were significantly higher than in April 2021. Although the sales are still weaker than the pre-pandemic levels, the situation has been improving.
Same-store sales were 110.6% vs. April 2021 (99.0% for March), 182.0% vs. April 2020 (92.8% for March), and 77.4% vs. April 2019 (71.0% for March)

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