Revenue Growth (RMB Billions) · 25x in two years[3] ¥0B ¥5B ¥10B ¥15B 2022 2023 2024 ¥0.49B ¥4.64B ¥12.41B 0 Stores globally[4] 0 Net profit margin (2024)[5] 0 Cups of one SKU sold (company claim)[6] 8sec Per cup, fully automated (company claim)[6] NASDAQ:
Average Unit Volume, 2024 Din Tai Fung $27.4M Mastro's ~2× Cheesecake ~2× Nobu $10.1M Chick-fil-A ~4× Location type, footprint, and customer base differ across all five. GLASS WALL BLACK BOX Mystery → Observable 18 FOLDS · 21 GRAMS 21grams 18folds
What South Korea built in the American consumer market, and what it can teach Asian companies planning to follow. In 2019, a Korean conglomerate paid $1.84 billion for the company that makes Red Baron frozen pizza. Five years later, Korean dumplings outsell every other brand in American freezers. The
A composite portrait of belonging in an American city