Reopening of borders bode well for Berjaya Food

Hong Leong Investment Bank (HLIB) Research noted that as of the second quarter ended Dec 31, 2021 (Q2 of FY22), year-on-year (y-o-y) same store sales growth figures for Starbucks Malaysia, Kenny Rogers Roasters (KRR) and Starbucks Brunei were up 51%, 61% and 12%, respectively.

PETALING JAYA: The reopening of international borders from April 1 would further drive sales for Berjaya Food Holdings Bhd, which has been seeing robust recovery across its stores.

Hong Leong Investment Bank (HLIB) Research noted that as of the second quarter ended Dec 31, 2021 (Q2 of FY22), year-on-year (y-o-y) same store sales growth figures for Starbucks Malaysia, Kenny Rogers Roasters (KRR) and Starbucks Brunei were up 51%, 61% and 12%, respectively.