President Chain Store Corp
2912: XTAI (TWN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
TWD 538.00 | Dxwlql | Vhlcjyvb |
President Chain Store Earnings: Results In Line Thanks to Convenience Stores, Starbucks
Narrow-moat President Chain Store reported second-quarter results that slightly exceeded our estimates on revenue but were in line for net profit. Convenience store businesses in Taiwan and the Philippines, as well as Starbucks in Taiwan, were the main drivers of sales growth in the quarter. Operating margin improved moderately year on year thanks to better mix in the convenience store operations.