Savor Share Price: An Auckland Hospitality Group Turning the Corner at $0.155
Savor Share Price Today
The Savor share price sits at about $0.155 NZD (NZX: SVR) in mid-June 2026, down roughly 16% over the past year despite improving trading. With a market cap near $12 million, Savor is a small-cap New Zealand hospitality company that owns and operates a portfolio of well-known Auckland restaurants and bars, and it is emerging from a tough stretch for the sector in noticeably better shape.
After years of cost-of-living pressure on dining out, Savor is showing the kind of operational recovery that turns a struggling hospitality business into an investable one.
What Savor Does
Savor operates a portfolio of around 18 branded venues across Auckland, including well-regarded names like Amano, Ebisu, and MoVida, alongside newer openings such as Bar Ziti and Flush Golf. Beyond restaurants and bars, it offers events, catering, and gift cards. This is a pure play on Auckland hospitality and discretionary dining spend, a more concentrated, venue-led business than entertainment peer SkyCity Entertainment or food-franchise operator Burger Fuel.
Hospitality is a notoriously tough, low-margin industry, exposed directly to consumer confidence, wage and food-cost inflation, and the fixed costs of leases. Savor's recent progress has come from growing its venue network while cutting costs.
Recent Performance: Improving Margins
Savor's guidance for the year to March 2026 points to a genuine improvement:
- •Revenue of about $55 to $56 million
- •Operating earnings of about $7.0 to $8.0 million
- •A commencement of dividend payments, signalling management's confidence in the recovery
Revenue growing month-on-month versus the prior year, combined with hard-won cost reductions, has lifted forecast earnings meaningfully. Starting to pay a dividend is a notable milestone for a company that has been in turnaround mode. On the reported figures the stock trades on a single-digit P/E.
Key Metrics
- •Share price: ~$0.155 NZD
- •Market cap: ~$12 million NZD
- •52-week move: about -16%
- •Revenue guidance: ~$55 to $56 million
- •Operating earnings guidance: ~$7.0 to $8.0 million
- •P/E ratio (trailing): ~9x
- •Net tangible assets: negative (~-$0.080, reflecting leases)
The negative net tangible assets are normal for a lease-heavy hospitality operator; the value is in the venues and earnings, not hard assets.
What to Watch
- •Consumer spending: Dining out is discretionary. A stronger Auckland consumer helps Savor directly; a weaker one hits first.
- •Margins and costs: The recovery has been cost-led. Watch whether wage and food inflation erode the hard-won margin gains.
- •New venues: Openings like Bar Ziti and Flush Golf drive growth but carry execution and ramp-up risk.
- •Dividend durability: The new dividend is a confidence signal. Confirm it is covered by sustainable earnings.
The Bottom Line
Savor is a small Auckland hospitality group emerging from a difficult period with rising revenue, improving operating earnings, and a freshly started dividend. The bull case is a turnaround in a portfolio of strong venues at a single-digit earnings multiple, leveraged to an Auckland dining recovery. The bear case is the inherent fragility of hospitality: thin margins, cost inflation, discretionary demand, and lease-heavy economics with negative tangible assets. This is a speculative recovery stock for investors who believe Auckland's dining scene is on the mend.
For how we assess turnarounds and consumer-facing businesses, see our methodology.
*Disclaimer: This article is for educational and informational purposes only. It does not constitute financial advice. Stock data may not be real-time. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.*