Food Business revenue growth and Restaurant Business revenue decline and losses
First written in FY2016. 18 of 33 entries say "Reframed", first in FY2017-Q1. Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 9 of 13 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「In terms of sales, the product business continued to promote the Pietro brand, centered on its area strategy and fan base, while working to develop new categories and strengthen its delicatessen and food service business, which is also a B2B business, and its overseas business as medium- to long-term growth strategies. The store business also performed well at both existing and new stores as a result of initiatives to improve customer satisfaction through further enhancement of hospitality.」
While both the product and store businesses continued to show a trend toward higher revenue, the business-specific performance mix from the immediately preceding fiscal year continued, with profit declining due to higher costs, store closure expenses and other factors. - FY2025-H1ReframedAnnual report
「In terms of profit, the store business reported higher profit due to strong sales at both existing and new stores, improvements in the cost ratio and efficient store operations. The product business, however, reported lower profit despite efforts to reduce manufacturing costs, due to lower sales volume of core dressing products affected by higher vegetable prices in the summer, a decline in the gross margin caused by changes in the sales mix, and higher selling, general and administrative expenses resulting from stronger marketing efforts.」
The product business reported higher revenue but lower profit, while the store business reported increases in both revenue and profit, once again highlighting the difference in profit trends between the segments. - FY2024RestatedAnnual report
「The product business reported higher revenue as a result of sales reforms that leveraged the brand's strengths, in addition to the successful price revisions implemented in the previous fiscal year. The store business reported a substantial increase in revenue due to initiatives aimed at improving customer satisfaction and the effect of new store openings, bringing group-wide net sales for the current consolidated fiscal year to ¥10,096 million, up 10.8% from the previous fiscal year.」
Both the product and store businesses reported higher revenue following the segment reorganization, while consolidated net sales also increased 10.8% from the previous fiscal year. - FY2024-Q3RestatedAnnual report
「The product business reported higher revenue as a result of sales reforms that strengthened its ability to propose solutions tailored to customers and leveraged the brand's strengths, in addition to the successful price revisions implemented in the previous fiscal year. The store business reported a substantial increase in revenue due to initiatives aimed at improving customer satisfaction and the effect of new store openings, bringing group-wide net sales for the cumulative third quarter of the current consolidated fiscal year to ¥7,606 million, up 9.8% year on year.」
Both the product and store businesses continued to report higher revenue following the segment reorganization, while group-wide revenue also increased 9.8% year on year. - FY2024-Q2RestatedAnnual report
「The product business reported higher revenue as a result of sales reforms to strengthen the ability to propose solutions to distribution customers, in addition to the effects of price revisions implemented in the previous fiscal year. The store business reported a substantial increase in revenue due to initiatives aimed at improving customer satisfaction and the effect of new store openings, bringing group-wide net sales for the cumulative second quarter of the current consolidated fiscal year to ¥5,037 million, up 10.2% year on year.」
Both the product and store businesses continued to report higher revenue following the segment reorganization, while group-wide revenue also increased 10.2% year on year. - FY2024-Q1ReframedAnnual report
「The product business reported higher revenue as a result of strengthening sales capabilities through sales reforms and the gradual adoption of price revisions implemented in the previous fiscal year. The store business reported a substantial increase in revenue as a result of initiatives aimed at improving customer satisfaction and the opening of new stores, bringing group-wide net sales for the cumulative first quarter of the current consolidated fiscal year to ¥2,467 million, up 8.8% year on year.」
Following the renaming of the reportable segments, disclosures were presented under the product business and store business, and both reported higher revenue. The classification was reorganized from the previous contrast between the food and restaurant businesses into the store business, which includes the direct-sales business. - FY2023-Q3ReframedAnnual report
「However, the food business reported lower revenue due to declining demand accompanying weaker consumer sentiment against a backdrop of rising prices. In contrast, the restaurant business actively introduced new menus and implemented measures to strengthen dinner service with an eye to operating in the post-pandemic environment. Restaurant business revenue performed well due to the easing of restrictions on activities and various initiatives, resulting in higher revenue for the group as a whole.」
While the food business continued to report lower revenue, the restaurant business performed well against a backdrop of various initiatives and eased restrictions on activities, making the coexistence of deterioration in the food business and recovery in the restaurant business clear. - FY2023-Q2ReframedAnnual report
「However, the food business as a whole reported lower revenue because the decline in sales of its core dressing products due to intensifying competition had a substantial impact. In terms of profit, although the company worked to improve productivity, profit declined substantially because of the impact of lower sales and higher-than-expected prices for key raw materials such as cooking oil. As a result, segment net sales were ¥3,087 million, down 7.1% year on year, and segment profit was ¥769 million, down 30.6%.」
While the food business reported lower revenue and profit due to intensifying competition and higher raw material prices, the restaurant business reported higher revenue and a narrower loss, changing the contrast in business-specific performance. - FY2023-Q1ReframedAnnual report
「As a result, segment net sales were ¥1,528 million, down 11.5% year on year, and segment profit was ¥409 million, down 34.5%.」
While the food business reported lower revenue and profit, the restaurant business reported a 70.9% increase in revenue and a substantially narrower loss, making the coexistence of deterioration in the food business and recovery in the restaurant business even clearer in the business-specific performance mix. - FY2022ReframedAnnual report
「[Food business] Net sales were ¥6,395 million, down 7.0% from the previous fiscal year, and segment profit was ¥1,920 million, down 17.3%. [Restaurant business] Net sales were ¥1,984 million, up 31.4%, and the segment loss was ¥217 million, compared with a loss of ¥329 million in the previous fiscal year.」
While the food business reported lower revenue and profit due to a decline following the previous period's increase, the restaurant business reported higher revenue and a narrower loss. The gap between the businesses narrowed somewhat from the previous fiscal year, when the food business was strong and the restaurant business reported a substantial loss. - FY2022-Q3RestatedAnnual report
「As a result, segment net sales were ¥6,516 million, down 0.7% year on year, operating profit was ¥386 million, down 13.1%, ordinary profit was ¥382 million, down 12.4%, and profit attributable to owners of the parent was ¥213 million, down 10.8%.」
The contrast continued between lower revenue in the food business and higher revenue with a narrower loss in the restaurant business. On a consolidated basis, both net sales and profit were below the same period of the previous year. - FY2022-Q2RestatedAnnual report
「Although the company sought to use sales promotion expenses efficiently in the food business, the impact of lower revenue was substantial, resulting in lower profit. As a result, segment net sales were ¥3,323 million, down 8.6% year on year, and segment profit was ¥1,109 million, down 12.0%.」
The contrast in business-specific performance continued between lower revenue and profit in the food business and higher revenue with a narrower loss in the restaurant business. The restaurant business reported net sales of ¥871 million, up 38.5% year on year, and a segment loss of ¥147 million. - FY2022-Q1ReframedAnnual report
「As a result, segment net sales were ¥1,727 million, down 15.7% year on year, and segment profit was ¥625 million, down 17.8%.」
While the food business reported lower revenue and profit due to a decline following the previous period's increase, the restaurant business reported net sales of ¥409 million, up 89.6% year on year, and a narrower loss. The gap between the businesses narrowed somewhat from the previous fiscal year, when the food business was strong and the restaurant business reported a substantial loss. - FY2021ReframedAnnual report
「[Food business] Net sales were ¥8,076 million, up 16.3% from the previous fiscal year, and segment profit was ¥2,323 million, up 26.5%. [Restaurant business] Net sales were ¥1,626 million, down 33.1%, and the segment loss was ¥329 million, compared with a loss of ¥28 million in the previous fiscal year.」
The performance gap between the businesses became even clearer, with substantial increases in revenue and profit in the food business versus a substantial revenue decline and widening loss in the restaurant business. - FY2021-Q3RestatedAnnual report
「In the food business, the company undertook sales reforms aimed at communicating product value and further expanded the in-store distribution of pasta-category products. In the restaurant business, it thoroughly implemented infection-prevention measures and pursued various initiatives, but results were difficult due to a decline in customer traffic caused by shorter operating hours and requests to refrain from going out. Under these conditions, the company reported higher revenue and profit because of the strong performance of the food business.」
The contrast continued between higher revenue and profit driven by the strong performance of the food business and difficult conditions in the restaurant business caused by shorter operating hours and requests to refrain from going out. - FY2021-Q2ReframedAnnual report
「As a result, segment net sales were ¥4,284 million, up 25.5% year on year, and segment profit was ¥1,261 million, up 45.0%.」
While the food business reported substantial increases in revenue and profit, the restaurant business reported net sales of ¥726 million, down 43.6% year on year, and a segment loss of ¥196 million, further highlighting the contrast between the strong performance of the food business and the restaurant business's substantial revenue decline and loss. - FY2021-Q1ReframedAnnual report
「In the food business, the company undertook sales reforms aimed at communicating product value and further expanded distribution of pasta-related category products. In the restaurant business, it expanded takeaway menus and strengthened service training while implementing measures to prevent the spread of COVID-19. Demand for food consumed at home led to a substantial increase in food business revenue, but the impact of the spread of COVID-19 and the front-loading of advertising expenses, including the concentrated airing of television commercials in early April rather than throughout the year as usual, resulted in net sales of ¥2,653 million for the cumulative first quarter of the current consolidated fiscal year, up 9.8% year on year, and operating profit of ¥111 million, down 20.5% year on year」
While demand for food consumed at home drove higher revenue in the food business, the restaurant business, which was affected by the pandemic, reported a substantial decline in revenue and a widening loss, further highlighting the contrast in business-specific performance. - FY2020ReframedAnnual report
「[Food business] Net sales were ¥6,947 million, up 0.2% from the previous fiscal year, and segment profit was ¥1,837 million, down 2.6%. [Restaurant business] Net sales were ¥2,431 million, down 5.9%, and the segment loss was ¥28 million, compared with profit of ¥32 million in the previous fiscal year.」
The food business reported lower profit despite modest revenue growth, while the restaurant business reported lower revenue and moved into the red. The business-specific performance mix changed from both businesses reporting higher revenue and the restaurant business reporting a profit in the previous fiscal year. - FY2020-Q3RestatedAnnual report
「The food business reported net sales of ¥5,222 million, down 2.8% year on year, and segment profit of ¥1,363 million, down 10.0%. The restaurant business reported net sales of ¥1,899 million, down 3.6%, and segment profit of ¥18 million, down 24.8%.」
Both the food and restaurant businesses reported lower revenue year on year. Both businesses remained profitable, but continued to report lower profit year on year. - FY2020-Q2ReframedAnnual report
「The food business reported net sales of ¥3,414 million, down 6.0% year on year, and segment profit of ¥869 million, down 15.9%. The restaurant business reported net sales of ¥1,287 million, down 5.4%, and segment profit of ¥9 million, down 77.0%.」
Both the food and restaurant businesses reported lower revenue year on year. The food business reported lower revenue and profit, while the restaurant business maintained segment profitability despite lower revenue, although profit declined substantially from the same period of the previous year. - FY2020-Q1ReframedAnnual report
「The food business reported net sales of ¥1,776 million, down 5.1% year on year, and segment profit of ¥488 million, down 17.4%. The restaurant business reported net sales of ¥599 million, down 8.9%, and a segment loss of ¥7 million, compared with segment profit of ¥9 million in the same period of the previous year.」
The food business reported lower revenue and profit, while the restaurant business also reported lower revenue and moved from profit in the same period of the previous year to a loss. The business performance mix changed from both businesses reporting higher revenue and the restaurant business reporting a profit in FY2019 to both businesses reporting lower revenue and the restaurant business reporting a loss. - FY2019RestatedAnnual report
「The food business reported a 0.4% increase in revenue from the previous fiscal year as a result of actively marketing new products and rebranded products. The restaurant business reported a 1.6% increase in revenue from the previous fiscal year as a result of a new menu strategy and enhanced services.」
The business-specific performance mix was confirmed, with both the food and restaurant businesses reporting higher revenue and the restaurant business returning to profitability. - FY2019-Q3RestatedAnnual report
「The food business reported net sales of ¥5,372 million, up 2.8% year on year, and segment profit of ¥1,514 million, down 3.6%.」
While the food business reported higher revenue but lower profit, the restaurant business maintained higher revenue and profitability, continuing the business-specific performance mix seen in the immediately preceding quarter. - FY2019-Q2ReframedAnnual report
「The food business reported net sales of ¥3,631 million, up 2.1% year on year, and segment profit of ¥1,034 million, down 3.4%. The restaurant business reported net sales of ¥1,360 million, up 5.1%, and segment profit of ¥41 million, compared with a segment loss of ¥36 million in the same period of the previous year.」
The food business reported lower profit despite higher revenue due to promotional expenses and other factors, while the restaurant business reported higher revenue and returned to profitability. Both businesses continued to report higher revenue, but the contrast in profitability changed. - FY2019-Q1ReframedAnnual report
「The food business reported net sales of ¥1,871 million, up 4.7% year on year, and segment profit of ¥591 million, up 6.7%. The restaurant business reported net sales of ¥657 million, up 4.4%, and segment profit of ¥9 million, compared with a segment loss of ¥21 million in the same period of the previous year.」
In addition to higher revenue and profit in the food business, the restaurant business also reported higher revenue, turning segment results from a loss to a profit. The business performance mix changed from the previous pattern of revenue growth centered on the food business and a loss in the restaurant business to both businesses reporting higher revenue and the restaurant business reporting a profit. - FY2018ReframedAnnual report
「The food business reported net sales of ¥6,908 million, down 3.0% from the previous fiscal year, and segment profit of ¥2,027 million, down 6.4%. The restaurant business reported net sales of ¥2,543 million, up 0.3%, and a segment loss of ¥72 million, compared with a segment loss of ¥110 million in the previous fiscal year.」
While the food business continued to report lower revenue and profit, the restaurant business returned to modest revenue growth and narrowed its loss. The business performance mix changed from both businesses reporting lower revenue through the immediately preceding quarter to lower revenue in the food business and higher revenue with a narrower loss in the restaurant business. - FY2018-Q3RestatedAnnual report
「As a result, net sales were ¥5,228 million, down 3.6% year on year, and segment profit was ¥1,570 million, down 5.1%.」
The food business reported a 3.6% decline in revenue and a 5.1% decline in profit year on year. The restaurant business also reported a 0.8% decline in revenue year on year, and both businesses continued to show a downward revenue trend. - FY2018-Q2RestatedAnnual report
「As a result, net sales for the cumulative second quarter of the current consolidated fiscal year were ¥4,936 million, down 4.8% year on year.」
Both the food and restaurant businesses continued to report lower revenue year on year, resulting in a 4.8% decline in consolidated net sales. - FY2018-Q1ReframedAnnual report
「As a result, revenue was ¥1,786 million, down 7.1% year on year, and segment profit was ¥554 million, down 14.7% year on year.」
Food Business revenue declined 7.1% year on year, while Restaurant Business revenue also declined 0.3% year on year, shifting from the previous contrast of Food Business revenue growth and Restaurant Business revenue decline to a situation in which both businesses experienced revenue declines. - FY2017-Q3RestatedAnnual report
「Revenue for the cumulative third-quarter period under review was ¥7,455 million, up 2.3% year on year, as each segment increased revenue.」
Both the Food Business and the Restaurant Business continued to grow revenue, but the Restaurant Business's loss widened. - FY2017-Q2RestatedAnnual report
「As a result, revenue was ¥3,780 million, up 4.7% year on year, and segment profit was ¥1,180 million, up 3.7% year on year.」
Revenue and profit growth continued in the Food Business. Restaurant Business revenue also increased 4.9% year on year, but its loss widened. - FY2017-Q1ReframedAnnual report
「Revenue for the cumulative first-quarter period under review was ¥2,596 million, up 3.0% year on year, as the Food Business performed steadily.」
Revenue growth in the Food Business continued, while Restaurant Business revenue also increased 2.8% year on year, although its segment loss widened to ¥25 million. The previous contrast of "Food Business revenue growth and Restaurant Business revenue decline" shifted to a situation in which both businesses grew revenue but the Restaurant Business remained loss-making. - FY2016First statedAnnual report
「Revenue in the Food Business increased 4.1%, driven mainly by strong growth in sales of core dressings and health-oriented dressings. In the Restaurant Business, the company sought to improve service by revamping its full menu and opening stores in a new format, but revenue declined 4.7% due to a decrease in the number of stores.」
The performance of each business for the fiscal year was described in contrasting terms, with revenue growth in the Food Business and revenue decline in the Restaurant Business.