The group says that this is in line with its strategy of evaluating underperforming outlets, retaining and refocusing on those with turnover potential, while exiting operations that no longer align with the group’s targets. In addition, revenue from existing outlets declined by $0.3 million.
Soup Holdings has reported earnings of $224,000 for the 1HFY2025 ended June 30, up 34.1% y-o-y.
Revenue for the first half of the year came in 6.3% y-o-y lower at $19.4 million. This decrease in revenue was primarily due to the closure of three outlets and three cloud kitchens, which accounted for a reduction of $1.1 million.
