mainly from the increase in revenue from dessert café, which was attributed to the expansion of 7 new stores from Q3/2018 and a rise in Same-Store-Sale-Growth (SSSG). Gross Profit and Gross Profit Margin

stores with operating loss. ( 117 stores in year 2017 vs 140 stores in year 2016) Gross Profit Q3 2017 gross profit decreased by Baht 34.63 million or down by 13.03%, and the percentage of gross profit

revenue was Baht 396.79 million decreased by Baht 122.81 million or 23.64% as compared with the 1st Quarter of 2017. This was mainly reflected from the company’s policy to close the stores with operating

business, featuring both house brand and other brand products. To date, the Company has 12 outlets (Phetchaburi, Kanchanaburi, Pattaya, Pak Chong, Sing Buri, Hua Hin, Sriracha, Phra Nakorn Sri Ayutthaya, Hat

targeting leisure and business segments from Europe and the United States. Food and Beverage revenue decreased by Baht 46.5 million or 21.2% mainly due to closure of the outlets in accordance with the

transferring to the owners since Q4 2017 onward. 4 2017 MD&A: PACE Development Corporation PLC. As of August 15th, 2017, the Company has company-operated stores and licensed stores as following. The total

onward. 4 2017 MD&A: PACE Development Corporation PLC. As of August 15th, 2017, the Company has company-operated stores and licensed stores as following. The total revenues of DEAN & DELUCA in Q2 2017 were

online channels to continue to operate, although this was not sufficient to compensate for the losses resulting from the closure of stores. However, consumer demand for our products has continued

weakness of consumer buying power. However, in the second half of the year, the economy has shown signs of recovery in both the tourism and export sectors. As a result, the performance of stores in major

mainly from an increase in revenue from dessert café, which was attributed from expansion of 8 new stores from Q2/2018 and a rise in Same-Store-Sale-Growth (SSSG). Gross Profit and Gross Profit Margin