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Phuc Long Coffee & Tea’s profits rise after closing WinMart kiosks

A reduced convenience store kiosk footprint boosted Phuc Long Coffee & Tea’s third quarter profits by 33%, but the underperforming counters continue to hamper revenue growth

Phuc Long Coffee & Tea currently operates 147 flagship sites | Photo credit: Phuc Long Coffee & Tea

A reduced convenience store kiosk footprint boosted Phuc Long Coffee & Tea’s third quarter profits by 33%, but the underperforming counters continue to hamper revenue growth

Masan Group has said closing underperforming Phuc Long Coffee & Tea kiosks within WinMart convenience stores has boosted the chain’s profitability, with EBITDA rising 33% year-on-year to VND 78bn ($3.2m) in the three months ended 30 September 2023.

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