KYOCHON F&B, which operates the chicken franchise brand KYOCHON Chicken, announced on the 13th that it recorded a consolidated operating profit of 9.3 billion won for the second quarter. It switched from a loss of 9.9 billion won during the same period the previous year to profit.
According to the Financial Supervisory Service's electronic disclosure system, KYOCHON F&B's consolidated revenue for the second quarter is provisionally tallied at 126.1 billion won, an increase of 10.7% compared to the same period last year.
A representative from KYOCHON F&B noted that the increase in chicken sales, driven by the seasonal peak in May and sports marketing promotions, is the main background for the sales rise. Considering the temporary expenses occurred due to the conversion of the franchise regional headquarters to direct management in the same period last year, the operating profit has increased by 19.2 billion won compared to the previous year, according to KYOCHON F&B.
The cumulative revenue for the first half of the year was 250.7 billion won, up 10.4% from the same period last year. Operating profit during the same period was 20 billion won, an increase of 866.7%.
A KYOCHON F&B official said, "Despite various difficulties in the first half of this year, we attracted customers and achieved sales growth through various management activities, including the launch of new menus, menu name changes, and sports marketing," adding, "We aim to achieve sales growth through continuous expansion in not only the domestic franchise business but also overseas and new projects in the second half of the year."