Wang Steak, Lihpao Land Food & Beverage First Quarter Revenue Hits New Highs Amid Strong Domestic Demand
Wang Steak Group and Lihpao Land Food & Beverage both reported record-high revenues for the first quarter of 2026, driven by robust domestic dining demand. Wang Steak's consolidated revenue for March reached NT$1.96 billion, a 7.83% year-on-year increase, setting a new record for the period. Lihpao Land Food & Beverage's March revenue was NT$584 million, up 19.85% year-on-year, with Q1 revenue hitting NT$1.988 billion, a historical high.
📋 Article Processing Timeline
- 📰 Published: April 9, 2026 at 17:38
- 🔍 Collected: April 9, 2026 at 19:00 (1h 22m after Published)
- 🤖 AI Analyzed: April 15, 2026 at 18:22 (143h 21m after Collected)
Wang Steak Group announced its self-reported revenue for March today, with consolidated revenue across both sides of the strait reaching NT$1.96 billion, a 7.83% year-on-year increase, setting a new record for the same period. Taiwan's revenue was NT$1.57 billion, up 5.86% year-on-year, also a new high for the period. Mainland China's revenue was NT$390 million, up 16.39% year-on-year. Consolidated revenue for the first three months of 2026 reached NT$6.48 billion, a 9.42% year-on-year increase, marking the strongest first quarter in history and a new quarterly revenue record.
Wang Steak Group stated that it has overcome the "off-season curse for dining" in March, with four major brands—Chamonix, Chinhuajiao, Wagyu Shabu, and Niku Shabu—having six stores with revenues exceeding NT$10 million. The group is adapting to market demand and simultaneously undergoing brand transformation to increase single-store revenue and efficiency. Taiwan's March revenue reached NT$1.57 billion, a 5.86% year-on-year increase, once again setting a new high for March.
Wang Steak Group indicated that the dining market in mainland China is experiencing "slow and steady growth with drastic structural changes." The overall revenue scale is still expanding, and the dining market is transitioning into an era of fierce "stock competition" and "quality-price ratio." Wang Steak's mainland China business unit has seen double-digit revenue growth for five consecutive months, boosting performance. Currently, Wang Steak's store count in China has returned to over 100.
Lihpao Land Food & Beverage's March revenue was NT$584 million, a 22.54% month-on-month decrease but a 19.85% year-on-year increase, setting a new record for the period. Accumulated first-quarter revenue reached NT$1.988 billion, a 23.51% quarter-on-quarter increase and a 14.57% year-on-year increase, refreshing its historical quarterly revenue. Lihpao Land Food & Beverage also approved the distribution of a cash dividend of NT$8 per share. Based on last year's earnings per share of NT$10.12, the payout ratio is nearly 80%.
Looking ahead, Lihpao Land Food & Beverage stated that 2026 will be a year of aggressive store expansion. With the opening of Hanshin Department Store at Taichung Intercontinental, three major flagship restaurants will simultaneously move in, and the expansion will continue to grow in May. The group will also advance northward to Taipei Dome, with brands like "Ming Ren Fang" and "Fuyuan," a Taiwanese cuisine brand making its debut in the northern market.
Lihpao Land Food & Beverage mentioned that in March, benefiting from the continued popularity of spring banquets, the total revenue of banquet halls in three venues in northern and southern Taiwan exceeded NT$150 million. The southern region was stably supported by traditional wedding banquet bookings, while the northern region saw a boost from corporate meetings and exhibition activities. As for the two major buffet brands, Island and Seaport, their performance surpassed that of the same period last year. Although the number of Seaport buffet restaurants has been adjusted to five, its performance in March still grew by 6% compared to last year. (Edited by Huang Kuo-lun) 1150409
Wang Steak Group stated that it has overcome the "off-season curse for dining" in March, with four major brands—Chamonix, Chinhuajiao, Wagyu Shabu, and Niku Shabu—having six stores with revenues exceeding NT$10 million. The group is adapting to market demand and simultaneously undergoing brand transformation to increase single-store revenue and efficiency. Taiwan's March revenue reached NT$1.57 billion, a 5.86% year-on-year increase, once again setting a new high for March.
Wang Steak Group indicated that the dining market in mainland China is experiencing "slow and steady growth with drastic structural changes." The overall revenue scale is still expanding, and the dining market is transitioning into an era of fierce "stock competition" and "quality-price ratio." Wang Steak's mainland China business unit has seen double-digit revenue growth for five consecutive months, boosting performance. Currently, Wang Steak's store count in China has returned to over 100.
Lihpao Land Food & Beverage's March revenue was NT$584 million, a 22.54% month-on-month decrease but a 19.85% year-on-year increase, setting a new record for the period. Accumulated first-quarter revenue reached NT$1.988 billion, a 23.51% quarter-on-quarter increase and a 14.57% year-on-year increase, refreshing its historical quarterly revenue. Lihpao Land Food & Beverage also approved the distribution of a cash dividend of NT$8 per share. Based on last year's earnings per share of NT$10.12, the payout ratio is nearly 80%.
Looking ahead, Lihpao Land Food & Beverage stated that 2026 will be a year of aggressive store expansion. With the opening of Hanshin Department Store at Taichung Intercontinental, three major flagship restaurants will simultaneously move in, and the expansion will continue to grow in May. The group will also advance northward to Taipei Dome, with brands like "Ming Ren Fang" and "Fuyuan," a Taiwanese cuisine brand making its debut in the northern market.
Lihpao Land Food & Beverage mentioned that in March, benefiting from the continued popularity of spring banquets, the total revenue of banquet halls in three venues in northern and southern Taiwan exceeded NT$150 million. The southern region was stably supported by traditional wedding banquet bookings, while the northern region saw a boost from corporate meetings and exhibition activities. As for the two major buffet brands, Island and Seaport, their performance surpassed that of the same period last year. Although the number of Seaport buffet restaurants has been adjusted to five, its performance in March still grew by 6% compared to last year. (Edited by Huang Kuo-lun) 1150409
FAQ
How was Wang Steak Group's revenue performance in the first quarter of 2026?
Wang Steak Group's consolidated revenue for the first three months of 2026 reached NT$6.48 billion, a 9.42% year-on-year increase, marking the strongest first quarter and a new quarterly revenue record in its history.
How was Lihpao Land Food & Beverage's revenue performance in the first quarter of 2026?
Lihpao Land Food & Beverage's accumulated revenue for the first quarter of 2026 reached NT$1.988 billion, a 23.51% quarter-on-quarter increase and a 14.57% year-on-year increase, refreshing its historical quarterly revenue record.