BKR, the operator of Burger King and coffee brand Tim Hortons, said on Apr. 1 that it posted an operating profit of 42.9 billion won last year. That was up 11.7% from a year earlier.
Revenue for the same period came to 892.2 billion won, up 12.6% from the previous year. Both revenue and operating profit were the highest since the company was founded.
BKR said that by strengthening product competitiveness and improving operational efficiency, it achieved balanced growth across all areas, including increased revenue and profit and financial soundness.
In particular, a strategic approach tailored to each brand's characteristics drove revenue growth. Burger King launched the Crispy chicken burger platform and introduced the All Day Snack lineup, allowing customers to enjoy snacks and desserts at value prices. Signature products such as the Whopper lineup delivered steady annual results.
Tim Hortons steadily expanded around key office districts, boosting brand awareness, and enhanced product competitiveness with a cook-to-order approach.
Chief Executive Lee Dong-hyung said, "Despite intensifying competition in the domestic market and internal and external challenges such as higher raw material costs and exchange rates, this is a result achieved through the joint efforts of employees, franchisees, and partners."