Foods & Inns announced Financial Results Q1 2024

The comprehensive analytics outlining the performance and outlook of Foods & Inns Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Foods & Inns Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -14.26 %. However, it did see a marginal slip of -28.37 % from the previous quarter. Expenses decreased slightly by -28.11 % quarter-on-quarter, aligning with the annual decline of -13.87 %. Operating profit, while down -17.45 % compared to last year, faced a quarter-on-quarter dip of -30.49 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.41 %, but a shrinkage of -0.32 % sequentially. Other income rose by 42.14 % compared to the last quarter, despite an annual growth of 93.34 %. Interest expenses dropped significantly by -14.45 % from the previous quarter, yet the year-over-year increase remains at a moderate 50.37 %. Depreciation costs climbed by 25.25 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 20.48 %. Profit before tax declined annually by -45.3 % but saw a reduction from the preceding quarter by -44.7 %.
Tax expenses as a percentage of profits increased slightly by 7.32 % compared to last year, with a more notable quarter-on-quarter decrease of -37.01 %. Net profit fell by -51.12 % year-on-year but experienced a 34.03 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -50.43 % but a quarterly rise of 35.71 %. In summary, Foods & Inns Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Foods & Inns Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -14.26 % year-on-year, although there was a slight dip of -28.37 % from the previous quarter. Expenses decreased by -13.87 % compared to the previous year, with a decrease of -28.11 % quarter-on-quarter. Operating Profit dropped by -17.45 % annually, and saw a -30.49 % decrease from the last quarter.
Net Profit showed yearly decrease of -51.12 %, and experienced a 34.03 % increase from the previous quarter. Earnings Per Share (EPS) fell by -50.43 % annually, however rose by 35.71 % compared to the last quarter. In essence, while Foods & Inns Limited faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.