Express News | Haidilao plans to further expand its overseas business and is expected to open more stores in New York and Los Angeles next year.
China's market heavyweight signal! Haidilao plans to enter the US market and expand its stores, breaking free from its sluggish business in China.
Chinese hot pot chain company Haidilao plans to enter the USA market and break away from the slump in its domestic business. It will open more stores in New York and Los Angeles as early as 2025.
Express News | Nvidia CEO Huang Renxun was spotted at Haidilao in the USA.
DBS: Maintains a 'shareholding' rating for Haidilao, with a target price of HK$18.
Gelonghui, September 11th | Morgan Stanley's report stated that haidilao's overall customer seat occupancy rate in August was in line with expectations, but increased by a single-digit percentage month-on-month. The self-operated store opening rate is still slow, with 2 new stores opened in August. The total number of stores opened in the first 8 months of 2024 increased by 14, while the target for 2024 is an increase of 61. In addition, haidilao's new brand, "Yanqing Barbecue Shop", is accelerating its store opening speed. In August, 1 store was opened in Hangzhou, totaling 6 stores opened since its opening in June. The bank expressed a bullish outlook on haidilao, citing its resilient performance, strong execution in profit-making, and return to shareholders.
The fried chicken industry has added 14,000 new businesses in one year, even including Haidilao.
Can Xiaohai succeed in the trillion-dollar fried chicken market?
Express News | Haidilao: Its first Yiqing Yakiniku Hangzhou store is opening, and the market is rapidly expanding.