BreadTalk

Can BreadTalk rise to the occasion on operating efficiencies and 4orth?

SINGAPORE (Aug 5): BreadTalk may have reported 7.9% higher 1H19 revenue of $321 million from a year ago, however earnings fell 35.3% due to 39.4% higher distribution and selling expenses of $169.2 million and lease expense of $7.3 million due to new accounting standards.

See: BreadTalk posts 35.3% drop in 1H earnings to $2.3 mil on increased expenses

BreadTalk posts 35.3% drop in 1H earnings to $2.3 mil on increased expenses

SINGAPORE (Aug 1): BreadTalk recorded a 35.3% fall in 1H19 earnings ended June to $2.3 million, compared to $3.6 million in 1H18.

The weaker bottomline was mainly the result of an increase in the group's distribution and selling expenses, which was 39.4% higher at $169.2 million from $121.4 million last year.

In addition, the group saw the inclusion of leases expense of $7.3 million in 1H19 due to the adoption of the new SFRS(I) accounting method.

Revenue for 1H19 saw a 7.9% increase to $321 million from $297.4 million a year ago.

Design-led businesses outperform peers

SINGAPORE (May 27): Mark Wee, executive director of DesignSingapore Council, is all too familiar with the narrow definition of “design”. Asked what it is, the response from any given audience would typically be “fashion design” or “interior design”.

PUB fines Breadtalk, Tat Seng Packaging for illegal discharge into public sewers

SINGAPORE (June 10): The Public Utilities Board (PUB) says it prosecuted 38 companies between June 2018 and May this year for illegal trade effluent discharge offences. These companies were fined a total of $253,700.

Design-led businesses outperform peers

SINGAPORE (May 27): Mark Wee, executive director of DesignSingapore Council, is all too familiar with the narrow definition of “design”. Asked what it is, the response from any given audience would typically be “fashion design” or “interior design”.

Categories: 

BreadTalk's FY18 earnings fall 29.9% to $15.2 mil in absence of TripleOne Somerset divestment gain

SINGAPORE (Feb 19): BreadTalk Group delivered earnings of $15.2 million for FY18, declining 29.9% from its earnings of $21.7 million for FY17 despite booking revenue growth for the year.

This was largely due to the absence of a $9.3 million net capital gain from the divestment of BreadTalk’s partial stake in TripleOne Somerset, excluding which the group would have seen 1.1% higher core net profit on a y-o-y basis.   

Winners and losers from Singapore's budget as election looms

SINGAPORE (Feb 19): Singapore Finance Minister Heng Swee Keat boosted health-care and military spending, gave tax rebates to citizens and tightened rules on foreign workers ahead of an election that could come as early as this year.

Heng announced a new $8 billion support package for seniors in his budget speech on Monday, as well as measures to help local businesses adopt new technologies. The expansionary fiscal plan will push the overall budget deficit to 0.7% of gross domestic product in the year ending March 2020, from a revised surplus of 0.4% this year.

GrabPay now available at BreadTalk, to roll out at Toast Box in Oct

SINGAPORE (Aug 8): BreadTalk has partnered with Grab to introduce the ride hailing and mobile payments app’s GrabPay service across its 42 bakery outlets across Singapore.

Starting from Oct, the partnership will extend to the group’s subsidiary brand Toast Box, such that GrabPay services will also be accepted across 63 of its outlets island wide.  

In a Wednesday release, BreadTalk highlights the tie-up as one of GrabPay’s most extensive rollouts in Singapore.   

BreadTalk gets too pricey for RHB's taste; FY18 earnings projected to decline

SINGAPORE (Aug 3): RHB Research is downgrading its call on BreadTalk to “sell” from “neutral” with a lower target price of $1 compared to $1.04 previously, as the research house expects FY18F earnings to decline on rising overhead costs and weaker JV & associates performance.

BreadTalk growth seen to accelerate: RHB

SINGAPORE (July 19): RHB is reiterating its “neutral” recommendation on BreadTalk with an increased target price of $1.04.

This came following the research house having a conversation with BreadTalk, which led to RHB expecting earnings growth for the group to accelerate in FY19-20, as its new F&B concepts mature.

Be informed of the stories that matter

Subscribe

Be informed of the stories that matter