BGF Retail reported that its first-quarter performance for this year showed sales of 2.165 trillion won and an operating profit of 22.6 billion won, as announced on the 8th. Although sales increased by 3.2% compared to the same period last year, the operating profit decreased by 30.7%.
During the same period, net profit was 13.4 billion won, a decrease of 42.7% compared to the same period last year.
BGF Retail explained, "Despite the unstable domestic and international environment, ongoing consumption recession, and a reduction in business days affecting the variables, sales increased compared to last year, but the operating profit decreased."
It added, "Even in a difficult business environment, we strengthened CU's differentiated products and sought to expand sales."
The company stated that it is establishing a foundation for medium- to long-term growth through the opening of new stores focused on quality growth and an increased proportion of large and medium-sized store openings.