Super Hi International Holding Ltd. (NASDAQ:HDL) reported first-quarter financial results on Wednesday that came in ahead of expectations, with revenue increasing 14.2% year over year to $225.9 million from $197.8 million in the same period last year.
The company’s shares were unchanged in after-hours trading following the earnings release.
Operating profit jumps as restaurant efficiency improves
The hot pot restaurant operator posted adjusted earnings per share of $0.01, broadly in line with the prior year’s $0.02 when adjusted for foreign exchange impacts.
Income from operations climbed 70.7% to $14.0 million, while operating margin improved to 6.2% from 4.1% in the first quarter of 2025.
The company said the stronger performance was supported by higher table turnover rates and improved operational efficiency across its restaurant network.
However, net profit declined to $4.1 million from $11.9 million a year earlier, mainly due to an $11.7 million increase in foreign exchange losses caused by the depreciation of local currencies against the U.S. dollar.
Delivery and secondary businesses drive additional growth
Revenue from Haidilao restaurant operations increased 8.4% to $204.2 million during the quarter.
Meanwhile, the company’s delivery business posted revenue growth of 82.5%, reaching $7.3 million.
Other business segments — including hot pot condiment products and secondary branded restaurant concepts — recorded revenue of $14.4 million, representing a 166.7% increase from the prior year.
Super Hi served 8.1 million customers during the quarter, up 3.8% year over year, while same-store sales rose 4.0% to $183.5 million.
“Our ’Dual Focus on Employees and Customers’ has continued to drive improvements in Haidilao restaurants operational performance,” said Li Yu, CEO and Executive Director. “With steady growth in guest visits, Haidilao restaurants achieved an overall average table turnover rate of 4.0 times per day this quarter.”
Restaurant network continues expanding internationally
As of March 31, 2026, Super Hi operated 127 restaurants across 14 countries.
The company added one new location in Southeast Asia during the quarter as part of its ongoing international expansion strategy.