Eternal Hospitality's profit outruns sales as Torikizoku traffic holds up
Eternal Hospitality said nine-month revenue rose to ¥38.318 billion and operating profit to ¥2.367 billion, with customer numbers and spending both higher at existing domestic company-operated Torikizoku stores. Management kept full-year guidance unchanged, but the near-term read is a little cooler: May same-store sales rose just 1.0% and average spend slipped to 99.0% of last year's level after the group lapped an earlier price increase. Consumer demand is still there; the easy comparison is not.