Kyochon F&B reported increases in both revenue and operating profit for the third quarter of this year, driven by summer chicken demand, new menu sales, and expansion of overseas operations.
The company, which operates Kyochon Chicken, announced on November 6 that its consolidated operating profit for Q3 reached 12.3 billion won, a 9.6% increase compared to the same period last year. Revenue for the same period rose by 6.9% to 144.5 billion won.
The revenue growth was supported by strong summer demand during peak seasons, such as Chobok, along with the launch of new menu items and marketing activities. Star and sports marketing, as well as various discount promotions, also contributed to increased customer demand.
Sales in overseas and new business segments also saw growth. The normalization of operations in stores in China and the U.S., along with the expansion of new openings, improved global business performance. The opening of new locations for the buckwheat specialty restaurant brand 'Buckwheat Danpyeon' and an increase in the supply of alcoholic beverages and eco-friendly packaging also positively impacted revenue growth.
Operating profit increased by 9.6% year-on-year, supported by revenue growth and improved profitability of overseas subsidiaries and affiliates.
Kyochon F&B plans to strengthen new product promotions and marketing in the fourth quarter to align with year-end dining demand. The company will also focus on stabilizing raw material supply and enhancing the competitiveness of its franchise business.
Internationally, the company aims to open new stores in Japan in the first half of next year. It plans to expand existing stores in countries like China and Southeast Asia while exploring entry into new overseas markets. In the new business segment, Kyochon F&B will lay the groundwork for franchise development of Buckwheat Danpyeon and continue to develop new restaurant brands.
A Kyochon F&B official stated, "We will focus on stable operations for our franchisees and improving customer satisfaction through stable raw material supply and continuous menu competitiveness. At the same time, we will strengthen the foundation for growth in our domestic franchise business while expanding our global and new business segments, and work on improving long-term profitability through efficient cost management."
* This article has been translated by AI.
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