JK.v JKHCF in the green today up 6.7% coming off the news from Tuesday that they initiated a heightened focus on improving margins and lowering costs to bolster enterprise value.
Methods include
- Pursuing more business-to-business opportunities with higher margins that include large enterprises with over 4,000 employees, captive audiences, and no or little upfront capital expenditures
- Focusing on higher margin locales and consumer segments
- Driving down cost of goods sold relative to revenue by consolidating purchasing while pricing food items in line with regional inflation levels
- + more
With JK having over 30 ghost kitchens in multiple countries now I think this was a great time to assess and see where they can make improvements. Especially with how many and how much restaurants are using food delivery services, I’m holding JK and continuing to add at these levels.
https://www.newswire.ca/news-releases/justkitchen-implementing-margin-improvement-after-rapid-growth-phase-800963304.html