FoodBud
RankingsInsightsMixue SeriesArchiveMethodologyDataSearch中文
RankingsInsightsMixue SeriesArchiveMethodologyDataSearch中文
FoodBud

Global foodservice chain intelligence. Every figure should link back to a source.

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中文

Company card

Fairwood

High
Brandest. scale

HKEX 00052 · HKEX

Listing status
listed
Operating model
Mixed direct + franchise
Scale basis
Company-operated revenue (proxy)
Confidence
High
Segment
qsr snack fastfood

QSR/fast-food restaurant operator with a clean company-operated store denominator. Hong Kong footprint includes Fairwood fast food plus specialty restaurants; Mainland stores are also company-operated.

Scale basis note

Revenue from company-operated restaurants (mostly-owned estates). Useful for accounting scale, not directly comparable with GMV/system sales.

Compare this operator
Every number has a source row

Metrics below keep source tier, quality, period, and source link visible at the metric level.

Source tiers
S1Official primary — filings, annual reports, prospectuses
S2Official secondary — IR decks, transcripts
S3Supplementary — vetted media, databases
S0Not usable — flagged, never published

Source tiers — S1 official primary · S2 official secondary · S3 supplementary · S0 not usable. Open “Provenance” on any number for its tier, basis, precision, and do-not-use note.

GMV is not revenue

GMV/system sales, revenue, and royalty pool sales are separate scale bases. Screening proxies are directional only.

MetricValuePeriod / basisQualitySource
Stores
Reported restaurant, coffee shop, tea shop, bakery, or comparable chain units.
176 stores
FY2024/2025 (year ended March 31, 2025): 176 restaurants in total, comprising 147 in Hong Kong and 19 in Mainland China, plus 10 specialty restaurants in Hong Kong.
Source-backed
S1 official primary (opens in new tab)
Regulatory Filing · 176 restaurants in total, comprising 147 in Hong Kong and 19 in Mainland China, plus 10 specialty restaurants in Hong Kong.
Provenance
Tier: S1 official primary
Source: Regulatory Filing
Scale
Revenue from company-operated restaurants (mostly-owned estates). Useful for accounting scale, not directly comparable with GMV/system sales.
$397.8M
FY2024/2025 (year ended March 31, 2025): Revenue: HK$3,100.1 million for fiscal 2025 (year ending March 31, 2025), representing a 1.2% decrease from HK$3,136.9 million in 2024.
Company-operated revenue (proxy)Revenue from company-operated restaurants (mostly-owned estates). Useful for accounting scale, not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Regulatory Filing · Revenue: HK$3,100.1 million for fiscal 2025 (year ending March 31, 2025), representing a 1.2% decrease from HK$3,136.9 million in 2024.
Provenance
Tier: S1 official primary
Source: Regulatory Filing
Basis: Company-operated revenue (proxy)
Precision: Estimated
Scale per store
Screening proxy: scale divided by store count. It is not audited AUV or unit profit.
$2.26M
Screening proxyest.
Derived scale_per_store using scale ÷ store_count at the linked scale basis; not a separately reported company metric.
Company-operated revenue (proxy)Revenue from company-operated restaurants (mostly-owned estates). Useful for accounting scale, not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: Company-operated revenue (proxy)
Precision: Derived
Profit signal
Profit signal from the source period. Read with local accounting and segment mix in mind.
$4.54M
FY2024/2025 (year ended March 31, 2025): Profit attributable to equity shareholders amounted to HK$35.5 million for the fiscal year ending March 2025, down 28.8% year-on-year.
Profit-positiveScale basis not specified. Use as a screening signal until a source pack is attached.
Source-backed
S1 official primary (opens in new tab)
Regulatory Filing · Profit attributable to equity shareholders amounted to HK$35.5 million for the fiscal year ending March 2025, down 28.8% year-on-year.
Provenance
Tier: S1 official primary
Source: Regulatory Filing
Basis: Profit-positive
Revenue
Source-backed operating metric from the locked research snapshot.
$395.69M
HKD 3,100,070 thousand revenue
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: Revenue proxy
Precision: Manual override

Market data (listed companies)

Market valuation · fluctuates · not operational scale · do not compare with GMV / system sales. Listed companies only.

MetricValuePeriod / basisQualitySource
Market cap
Public market capitalization captured in the locked source snapshot.
$64.8M
June 24, 2026 (market close): Current Stock Price: 4.450 HKD (as of Jun 24, 2026, 3:55 PM HKT). Market Cap: 576.51M HKD. Shares Outstanding: 129.55M shares.
Market cap (USD)Scale basis not specified. Use as a screening signal until a source pack is attached.
Source-backed
S3 supplementary (opens in new tab)
Media Or Aggregator · Current Stock Price: 4.450 HKD (as of Jun 24, 2026, 3:55 PM HKT). Market Cap: 576.51M HKD. Shares Outstanding: 129.55M shares.
Provenance
Tier: S3 supplementary
Source: Media Or Aggregator
Basis: Market cap (USD)
Precision: Market snapshot · not operational scale
⚠ Do not use for: Market valuation · not operational scale · never compare with GMV/system sales

Operator profile

8/19 source-backed

Classification, firmographics, ownership and operating dimensions — source-backed where disclosed, marked as a gap (never inferred) where not.

Format & positioning
Cuisine (primary)
chineseS2 official secondary (opens in new tab)
Cuisine (secondary)
casual variedS2 official secondary (opens in new tab)~
Service model
QSRtertiary (opens in new tab)
Price tier
valuesecondary (opens in new tab)
Company
Founded
1,972S4 (opens in new tab)
HQ country
Hong KongS3 supplementary (opens in new tab)
CEO
Peggy Leesecondary (opens in new tab)
Employees
5,500 headcountsecondary (opens in new tab)~
Ownership
Parent
Lo family-controlled (founder Lo Fong Seong / Lo Hoi Fook; Executive Chairman Dennis Lo Hoi Yeung; control held via family trusts incl. New Champion)company_disclosure (opens in new tab)
PE / holding
not disclosed
Recent M&A
not disclosed
Growth
Revenue YoY
-1.2%S1 official primary (opens in new tab)
Pricing & digital
Avg check
not disclosed
Digital sales
not disclosed
Off-premise
not disclosed
Loyalty members
not disclosed
Franchise terms
Royalty
not disclosed
Franchise fee
not disclosed
By-market footprint
Hong Kong
157 storesS1 official primary (opens in new tab)
Mainland China
19 storesS1 official primary (opens in new tab)

Store counts by market/region — footprint context, not a same-basis comparison.

Disclosed store model

disclosed7/7 source-backed

Company-operated vs franchised footprint, AUV and store-level economics — taken verbatim from each operator's own filing, never inferred. A separate axis from company scale and single-store economics.

Total stores
176 stores
176 stores at 2025-03-31 (157 in Hong Kong + 19 in Mainland China)
Source-backedS1 official primary (opens in new tab)
Operational scale
$398M
HKD 3,100.1 million FY2025 (ended 2025-03-31) revenue; USD uses FY period-average 7.79303 HKD/USD (pegged).
Source-backedS1 official primary (opens in new tab)
Revenue
$396M
HKD 3,100,070 thousand revenue
Source-backedS1 official primary (opens in new tab)
Company-operated
see brand drilldown
Franchised
see brand drilldown

Brand drilldown

non-additive

Per-brand detail — NOT additive (brands may use different bases / periods) and NOT counted in rankings. Listed for transparency only.

大快活
Operating margin
2.3%
FYE2025-03
Source-backedS1 official primary (opens in new tab)
Food cost %
24.2%
FYE2025-03
Source-backedS1 official primary (opens in new tab)
Labor cost %
35.4%
FYE2025-03
Source-backedS1 official primary (opens in new tab)
Rent cost %
14.4%
FYE2025-03
Source-backedS1 official primary (opens in new tab)

Single-store model

1/8 source-backed

Unit economics are a separate axis from company-level scale — never read as the same number. Each field keeps its source, period, and quality; derived/estimated rows and gaps are marked.

AUV / unit sales
Derived; not disclosed AUV.
Derived: gmv_or_system_sales_usd 395,685,593/176 = ~USD2,248,214/store.
FY2024_or_latest_L1
EstimatedNeeds source
Single-store profit
GAP — not fabricated.
—
GapSource (opens in new tab)
Initial investment
GAP — not fabricated.
—
GapSource (opens in new tab)
Franchise fee / royalty
GAP — not fabricated.
—
GapSource (opens in new tab)
Payback period
GAP — not fabricated.
—
GapSource (opens in new tab)
Same-store sales
GAP — not fabricated.
—
GapSource (opens in new tab)
Store open / close
GAP — not fabricated.
—
GapSource (opens in new tab)
Company-operated share
GAP — not fabricated.
—
GapSource (opens in new tab)

Cost structure

5/6 source-backed

Where each revenue dollar goes, latest disclosed year. Slices use each operator's reported base — % of revenue unless the row notes otherwise (% of GMV, restaurant-level, franchise goods-supply COGS). Grey = not separately disclosed. This is a separate axis from company scale and single-store economics.

Food / COGS24.2%
FYE2025-03· HK$3,100.1m rev; rent=ROU dep 13.5%+short/variable; marketing=whole selling-expenses line (upper bound)S1 official primary (opens in new tab)Source-backed
Fairwood. Platform commissions embedded (no line); logistics 2.0% own distribution.
Labor35.4%
FYE2025-03· HK$3,100.1m rev; rent=ROU dep 13.5%+short/variable; marketing=whole selling-expenses line (upper bound)S1 official primary (opens in new tab)Source-backed
Fairwood. Platform commissions embedded (no line); logistics 2.0% own distribution.
Rent / occupancy14.4%
FYE2025-03· HK$3,100.1m rev; rent=ROU dep 13.5%+short/variable; marketing=whole selling-expenses line (upper bound)S1 official primary (opens in new tab)Source-backed
Fairwood. Platform commissions embedded (no line); logistics 2.0% own distribution.
Delivery commission—
FYE2025-03· HK$3,100.1m rev; rent=ROU dep 13.5%+short/variable; marketing=whole selling-expenses line (upper bound)Gap
Fairwood. Platform commissions embedded (no line); logistics 2.0% own distribution.
Marketing1.4%
FYE2025-03· HK$3,100.1m rev; rent=ROU dep 13.5%+short/variable; marketing=whole selling-expenses line (upper bound)S2 official secondary (opens in new tab)Estimated
Fairwood. Platform commissions embedded (no line); logistics 2.0% own distribution.
Operating margin2.3%
FYE2025-03· HK$3,100.1m rev; rent=ROU dep 13.5%+short/variable; marketing=whole selling-expenses line (upper bound)S1 official primary (opens in new tab)Source-backed
Fairwood. Platform commissions embedded (no line); logistics 2.0% own distribution.
Not separately disclosed22.3%

Supply chain

2 suppliers · 0 with S1 filing

Who supplies this brand — reverse-extracted from each supplier's own filing (top-customer / related-party disclosure). The % is the supplier's revenue share from this brand (supplier-side, not procurement spend), unless a note says otherwise. Each edge keeps its period, source tier, and audit link; named relationships without a disclosed % are shown as such.

Connet (Connet Information Technology / 連得)
Technology
—named (no % disclosed)S3 newssource (opens in new tab)
Trend Micro IncorporatedTSE:4704
Technology
—named (no % disclosed)S3 newssource (opens in new tab)

Peers in this segment

McDonald's Holdings Company(Japan),Ltd.GMV / system salesJollibee Foods CorporationGMV / system salesZENSHO HOLDINGS CO.,LTD.GMV / system salesYOSHINOYA HOLDINGS CO.,LTD.Company-operated revenue (proxy)MOS FOOD SERVICES,INC.GMV / system salesDPC DashRevenue proxy

Same segment — each operator keeps its own scale basis; this is navigation, not a like-for-like comparison.