Kuala lumpur: Food and beverage company Empire Premium Food Bhd is targeting a yearly increase of three to five percent in same store growth (SSG) as a key performance indicator (KPI) for its outlet managers.
According to BERNAMA News Agency, Nicole Lim, CEO of the Empire Sushi brand, emphasized that the KPI applies to outlets operating for more than 12 months, allowing for performance comparison. Lim expressed confidence in achieving the target, citing consistent growth over the past three years supported by customer spending on affordable products.
"Empire Sushi is accessible to everyone with an average price per item set at RM2.50, and no minimum spend requirement," Lim stated during the company's listing ceremony. Empire Premium Food debuted on the Main Market of Bursa Malaysia at RM1.10, a premium of 40 sen over its IPO price of 70 sen, with 26.4 million shares traded.
Lim highlighted that for the third quarter ending December 31, 2025, the average spending per receipt was approximately RM21. To address higher rental costs, Empire Sushi updates its menu quarterly, aiming to improve margins and mitigate these expenses.
Although there are no immediate plans for ASEAN expansion, the company intends to grow within Malaysia, focusing on shopping centres that offer prime locations. Lim clarified that there are no current supply disruptions or cost issues, as raw materials are sourced locally.
As of February 25, 2026, Empire Premium Food operates 143 outlets across 13 states and two federal territories in Malaysia, including 127 grab-and-go outlets and 16 quick dine-in locations. The company plans to open 56 new outlets over the next three years to increase market share and provide sustainable value to shareholders.
At the close of the trading day, shares were 34 sen higher at RM1.04, with 266.55 million shares traded on Bursa Malaysia.