Management Discussion & Analysis Q3/2022 Expansion of After You Branches According to Higher Demand of Customers During Q3/2022, the Company opened a new After You dessert shop at Central Festival East Ville
was expected to expand at a slower pace compared with the same period last year due to a contraction in merchandise exports and a slowdown in tourism growth resulting from uncertainty about the trade
expanded at a slower pace compared with the same period last year due to a contraction in merchandise exports resulting from uncertainty in the trade policies of major countries and the Baht’s ongoing
merchandise, gourmet food and beverage in the United States . As of 31 December 2018, the Company has company-operated stores and licensed stores as follows. In the future, the Company has a plan to focus on
, decreased by 23% as compared to 2017. This was due to closure of a total of four stores and decrease in the sales of merchandise, gourmet food and beverage in the United States . As of 31 December 2018, the
respectively, an increase of THB 43.5 Mn or 3.1%. This was mainly due to (1) the opening of new branches, (2) increased sales of raw material to franchisees, (3) increased sales of retail merchandise and (4
activity in the first quarter of 2018 continued to expand from the previous quarter, driven mainly by the solid growth momentum of merchandise exports and the tourism sector. Private consumption continued to
merchandise exports which continued expand with a growth 13.1% consistent with global demand growth and continual increase in crude oil prices. Domestic demand robustly expanded by private consumption which
percentage of sales has increased from 24.97% in the previous year to 25.71% due to change in product sales mix of general merchandise and the enhancement of directly sourced private-label goods, as well as
to franchisees and (4) increased sales of retail merchandise. However, in the nine months ending 30 September 2018 and 2019, the economic situation and consumer confidence continuously worsened which