Kyochon F&B Reports Q2 Sales of 123.4 Billion KRW, Up 12.1% YoY

Kyochon Chicken's Honey Series. Photo by Kyochon Chicken

[Asia Economy Reporter Moon Hyewon] Kyochon F&B announced on the 13th that it recorded consolidated sales of 123.4 billion KRW and operating profit of 6.6 billion KRW in the second quarter of this year. This represents an increase of 12.1% and 13.1%, respectively, compared to the same period last year.

The company analyzed that the growth in the domestic chicken industry, successful new product launches, and the continued expansion of delivery and takeout demand drove the rise in second-quarter performance.

As of the second quarter of this year, the number of Kyochon Chicken franchise stores stood at 1,303, with no store closures, according to the company.

In the second half of the year, demand is expected to remain strong due to international sports events and substitute holidays. Kyochon plans to further boost sales at both franchise stores and headquarters through new product launches and the full-scale promotion of its craft beer business. Additionally, the Middle East region, where it entered as a master franchise in April, plans to establish a successful market presence with the opening of a store in Dubai.

A Kyochon F&B official said, “With increasing chicken sales every quarter, we recorded solid results in the second quarter of this year, and demand is expected to strengthen further in the second half, which marks the start of the peak season. We will strive to grow further with new growth engines such as the full-scale craft beer business.”

This content was produced with the assistance of AI translation services.