Starbucks franchise holder, Berjaya Food for the first quarter registered a revenue of RM124.19 million and loss of RM33 million as compared to a revenue of RM278.53 million and pre-tax profit of RM28.32 million reported in the previous year's corresponding quarter

The significantly lower revenue and pre-tax loss incurred in the current quarter under review were mainly attributed to the prolonged impact from the ongoing sentiment in relation to the Middle East conflict.

The group noted the current quarter's pre-tax loss has slightly improved despite the decrease in revenue. This was primarily driven by cost optimisation and business strategies, as well as there was no impairment of fixed assets compared to the preceding quarter.

As for the outlook, BFood said the overall macro environment still remain challenging, however continued positive improvement is observed with the implementation of strategic initiatives and programs by the Group.

Looking forward, the group remains cautiously optimistic that operational performance will gradually improve over the coming quarters. The Directors are committed to strengthening the Group's core business and investments.