CJ Foodville's Operating Profit Soars 535% Last Year... "Strong Performance in Overseas Business"

CJ Foodville saw significant increases in both sales and operating profit last year, driven by the success of its overseas business and improved profitability in its domestic operations.

Tous Les Jours Havertown Branch, the first store in Pennsylvania, USA.
[Photo by CJ Foodville]

CJ Foodville announced on the 5th that it recorded approximately 759.9 billion KRW in sales and about 26.1 billion KRW in operating profit last year, representing increases of 25% and 535%, respectively, compared to the previous year.

The overseas business delivered strong results, accounting for half of CJ Foodville's operating profit last year. CJ Foodville currently operates in six countries, and among them, the directly operated countries such as the United States, Indonesia, and Vietnam all posted profits, achieving excellent performance.

Last year, the Indonesia and Vietnam subsidiaries successfully turned profitable. Both countries positioned Tous Les Jours as a "premium bakery" from the early stages of market entry, distinguishing themselves from local bakeries focused on mass-produced bread by emphasizing "freshly baked freshness" in-store, which has been praised for capturing local consumers.

The Indonesia subsidiary recorded the highest operating profit margin among overseas subsidiaries last year, achieving a record high profit. Sales increased by approximately 71% year-on-year, and operating profit surged about 740% compared to the previous year. Since entering Indonesia in 2011, CJ Foodville has been operating 51 stores across major cities including the capital Jakarta, Depok, Bogor, Surabaya, and Bali.

The growth momentum in Vietnam is also noteworthy. CJ Foodville entered the Vietnamese market in 2007 and currently operates 38 Tous Les Jours stores. Last year, sales increased by about 71% year-on-year. Operating profit also rose by approximately 310%, resulting in a profitable performance.

The U.S. subsidiary was the first among CJ Foodville’s overseas subsidiaries to turn profitable in 2018 and has increased its profit margin for five consecutive years. Last year, sales grew by 50% and operating profit by 40% compared to the previous year. Currently, it operates 90 Tous Les Jours stores in key commercial areas across 21 states including LA, New York, New Jersey, and Massachusetts, aiming to secure 1,000 stores in the U.S. by 2030.

A CJ Foodville official stated, “Thanks to steady domestic business and strong overseas performance last year, operating profit increased by about 535%, resulting in profitability. This year, we plan to build on our solid results to accelerate growth and further expand our profit margin.”

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