Kyochon F&B, the operator of the Kyochon Chicken franchise, posted 34.9 billion won in operating profit on a consolidation basis last year. That was up 126% from a year earlier. Stronger consumer demand sharply boosted profitability.
According to the Financial Supervisory Service's electronic disclosure system on the 6th, Kyochon F&B's revenue on a consolidation basis was provisionally tallied at 517.4 billion won last year. That was up 7.6% from a year earlier.
Net profit for the period surged 1,967% to 17.2 billion won from 800 million won a year earlier.
A Kyochon F&B official said of the strong results, "Revenue increased due to the recovery in consumer demand," and noted it was a "base effect from one-off expense incurred by converting franchise regional headquarters to company-operated in 2024."