News / Taiwan / cnyes
Gourmet Master Q2 EPS Hits 5-Year High, Shares Surge to Limit Up
Consumer Services · Restaurants · cnyes · 2026-08-21
2723
Gourmet Master (2723-TW) reported a strong Q2 with EPS reaching a 5-year high, driven by improved profitability and a strategic shift toward the US market.
What Happened
Financial Performance: Gourmet Master (2723-TW) reported a Q2 EPS of 1.88 TWD, marking a 2.9-fold increase year-over-year and a five-year quarterly high. Profitability margins, including gross and operating margins, saw significant improvements, contributing to a 75% year-over-year rise in net profit for the first half of the year.
Market Strategy: The company has successfully pivoted its focus toward the US market, which now accounts for 58% of total revenue, while the Taiwan market has maintained seven consecutive quarters of growth. In China, the company has streamlined operations by reducing the number of 85°C stores to under 300, significantly improving the segment's bottom line.
Growth Outlook: Analysts expect the US store count to reach 100 by year-end, with new central kitchens expected to boost revenue and improve operating margins through economies of scale. Meanwhile, the company continues to renovate its Taiwanese outlets to feature new product lines like fresh donuts to sustain domestic momentum.
Operational Efficiency: The strategic restructuring, particularly the closure of underperforming stores in China, has effectively optimized the company's profit structure. Management remains optimistic about the outlook, noting that performance would have been even stronger in the first half if not for extreme weather conditions in the US.