Reference
·Primary source
Minor Food (MINT) segment revenue (2020-2024)
~THB 28B (FY2024)
Minor International's Minor Food segment reported approximately THB 28 billion in FY2024 revenue across Sizzler, The Pizza Company, Swensen's, Dairy Queen Thailand, Burger King Thailand, and Bonchon Thailand per the 56-1 annual filing. The 2020 COVID year cut Minor Food revenue to ~THB 17B as dine-in closed; recovery built through 2022-2023 to ~THB 23B then ~THB 26B as tourism returned. Minor Food is the largest listed chained restaurant revenue base in Thailand and benefits from portfolio diversification across QSR, casual dining, and dessert formats, plus first-party delivery via the 1112 Delivery app which partially insulates margins from LMWN-GrabFood commission drag.
Figure in context
Minor International's Minor Food segment reported approximately THB 28 billion in FY2024 revenue across Sizzler, The Pizza Company, Swensen's, Dairy Queen Thailand, Burger King Thailand, and Bonchon Thailand per the 56-1 annual filing. The 2020 COVID year cut Minor Food revenue to ~THB 17B as dine-in closed; recovery built through 2022-2023 to ~THB 23B then ~THB 26B as tourism returned. Minor Food is the largest listed chained restaurant revenue base in Thailand and benefits from portfolio diversification across QSR, casual dining, and dessert formats, plus first-party delivery via the 1112 Delivery app which partially insulates margins from LMWN-GrabFood commission drag.
Interpretation notes
What this tells you
Minor International's Minor Food segment reported approximately THB 28 billion in FY2024 revenue across Sizzler, The Pizza Company, Swensen's, Dairy Queen Thailand, Burger King Thailand, and Bonchon Thailand per the 56-1 annual filing. The 2020 COVID year cut Minor Food revenue to ~THB 17B as dine-in closed; recovery built through 2022-2023 to ~THB 23B then ~THB 26B as tourism returned. Minor Food is the largest listed chained restaurant revenue base in Thailand and benefits from portfolio diversification across QSR, casual dining, and dessert formats, plus first-party delivery via the 1112 Delivery app which partially insulates margins from LMWN-GrabFood commission drag.
What not to do with it
Values in THB billion. Minor Food segment only; excludes Minor Hotels, Minor Lifestyle.
Related figures
Adjacent numbers that add context without drowning the value.
Thailand food-service total revenue (2020-2024)
SCB EIC Food Service Outlook, Krungsri Research Restaurant Industry, National Statistical Office Food Service Establishment Survey
Thailand chained restaurant and QSR segment revenue (2020-2024)
SCB EIC, Krungsri Research, MINT, CRG
Central Restaurants Group (CRG) revenue (FY2024)
Central Retail Corporation 56-1, CRG operating disclosures, Yum Brands Thailand market commentary
Thailand chained restaurant format mix (FY2024)
SCB EIC Food Service, Krungsri Research, Listed operator 56-1 segment disclosures
LMWN-GrabFood post-Foodpanda duopoly share
LINE MAN Wongnai funding announcements, Grab Holdings Thailand segment reporting, Delivery Hero Asia exit announcement, SCB EIC
7-Eleven ready-to-eat QSR substitution share
CP All 56-1 annual filing, CPF commissary disclosures, SCB EIC convenience-store coverage, Krungsri Research
Report context
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