Maybank IB noted that the group planned to open 14 more Starbucks stores in 4Q23 to bring the total of stores to 393.
PETALING JAYA: Berjaya Food Bhd
’s (BFood) lower coffee average selling prices (ASPs) in the fourth quarter of the financial year 2023 (4Q23) is expected to offset slower sales momentum in sequential quarters, according to Maybank Investment Bank (Maybank IB).
“Sales momentum is expected to be lacklustre in 4Q23 due to seasonally weaker sales during Ramadan.
