CJ Freshway announced on the 7th that its consolidated operating profit for the second quarter of this year was 27.4 billion won, a 9% decrease compared to the same period last year. During the same period, sales amounted to 883.3 billion won, an increase of 8.9% from the previous year.
Sales in the food service ingredient distribution sector reached 393.1 billion won. Securing new sales channels centered on large franchises and developing exclusive sauces for food service brands contributed to the success. The online distribution sector saw a significant increase in sales, which grew 2.5 times compared to the same period last year, based on the diversification of sales channels centered on commerce platforms and the expansion of marketing and promotions.
Sales in the catering business were recorded at 484.0 billion won. Both the distribution of catering ingredients and the institutional sector of group meals grew steadily. A representative of CJ Freshway noted, 'We achieved stable results by supplying catering ingredients to various channels such as childcare facilities, schools, military bases, and senior welfare facilities.' Demand for senior catering due to aging populations was particularly notable, with sales in this sector increasing by 20% compared to the same period last year.
Although CJ Freshway successfully achieved external growth, the representative explained, 'The reduction in profit was due to the one-time expenses incurred from the absorption and merger of subsidiaries.'