On Tuesday at 10:52 AM (Bangkok time), the share price of Maguro Group Public Company Limited (mai: MAGURO) jumped by 8.63% or THB 1.20 to THB 15.10, with a trading value of THB 19.18 million.
MAGURO recently expressed confidence in its second-half performance for 2024, anticipating stronger sales volume compared to the first half. This optimism stems from the planned gradual expansion of 11 new restaurant branches, building on the successful launch of two branches earlier in the year and supporting the demand from the premium clients.
Same Store Sales Growth (SSSG) in some branches turned positive since June 2024, attributed to the company’s efficient management across all sectors and introduction of new menus catering to diverse client preferences.
MAGURO is targeting a 30% increase in total revenue in 2024 from the THB 1,045.81 million recorded in 2023. This growth outlook aligns with projected sales from branch expansions and FY2024 SSSG improvements.
The company is poised to enhance its expansion strategy by increasing the current plan for adding 11 branches to 13, based on its preparedness regarding location and timing. This strategic expansion is projected to raise the total count of restaurant branches to 38 by the end of 2024.
