Super Hi International delivered substantial operating leverage during the second quarter of 2026 as growth in its international Haidilao restaurant business pushed operating income up more than twice as fast as revenue.
Quarterly revenue increased 10% year-over-year to $218.8 million from $198.9 million.
Income from operations jumped 118.9% to $8.1 million from $3.7 million.
Operating margin consequently expanded to 3.7% from 1.9%, an improvement of 180 basis points and nearly twice the prior-year level.
Revenue from Haidilao restaurant operations increased 4.6% to $197.8 million, supported by stronger restaurant utilization and expansion of the store network.
Super Hi opened two restaurants during the quarter, bringing its total to 129 locations from 127 at the end of March.
Guest visits increased 5.2% to more than 8.1 million.
Overall average table turnover improved to 3.9 times per day from 3.8, while same-store table turnover increased to 4 times per day from 3.9.
Average customer spending remained about $24.30 overall, suggesting the revenue improvement came more from traffic and restaurant activity than higher average spending.
Operating cash flow also increased to $28.2 million from $26.6 million.
KEY QUOTES:
“The initiatives and investments we have made over the past year in employee development, customer experience, and restaurant management have further strengthened our operational foundation and are gradually translating into greater operational resilience and efficiency.”
Li Yu, CEO and Executive Director of Super Hi
