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Eating out loses its shine; some listed F&B players are in the red on wilting demand, high costs
Consumers are going for value-for-money meals and are more brand-agnostic in these uncertain times, say market observers
Published Wed, Jun 11, 2025 · 09:15 PM
[SINGAPORE] As listed food and beverage (F&B) operators cite a drop in demand for restaurant meals amid high rental rates and operating costs, analysts say this is pointing to a worrying trend of mid-market operators struggling to find their niche.
Operators such as Tung Lok Restaurants and Japan Foods Holding (JFH) sank into the red for their FY2025, which ended on Mar 31 for both groups.
Tung Lok’s net loss for the full year was S$1.8 million, compared to its S$2 million net profit the year before. Its revenue tumbled 8.7 per cent to S$82.1 million.
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