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Taiwan Restaurant Giants Wow: Wang Steak Posts Strong Q3 EPS, Hi-Lai Foods Surpasses Full-Year Profit
Consumer Services · Restaurants · economic_daily · 2026-11-05
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Boosted by holiday dining demand, Wang Steak and Hi-Lai Foods reported strong financial results, with Wang Steak hitting an EPS of 14.32 TWD and Hi-Lai Foods exceeding its total 2023 profit in just nine months.
What Happened
Wang Steak Performance: Wang Steak Group benefited from summer dining and festive demand, reporting a 12.71% year-on-year increase in revenue to 19.2 billion TWD for the first three quarters. With an EPS of 14.32 TWD, the company has now surpassed its earnings from the same period last year, marking its fourth consecutive year of earning more than one share of capital.
Wang Steak Outlook: Looking ahead to the fourth quarter, Wang Steak continues its expansion strategy. The company anticipates strong growth driven by year-end business banquets, holiday gatherings, and Christmas and New Year celebrations.
Hi-Lai Foods Results: Hi-Lai Foods achieved record-high revenue of 5.465 billion TWD for the first nine months, representing an 18.36% year-on-year growth. Net profit reached 473 million TWD, with an EPS of 11.2 TWD, officially surpassing the company's total profit for the entire previous year.
Hi-Lai Foods Momentum: The company expects Q4 growth to be fueled by new store openings, including the Taipei Dome location, and robust banquet bookings. With orders for year-end parties and weddings already secured through 2030, the company maintains a positive outlook for revenue through the first quarter of next year.