[Click e-Stock] "Kyochon F&B Expected to See Profit Growth in Q3"

Eugene Investment & Securities predicted on August 14 that Kyochon F&B's earnings would improve in the third quarter of this year.

In the second quarter of this year, Kyochon F&B posted sales of 126.1 billion KRW and operating profit of 9.3 billion KRW. Compared to the same period last year, sales increased by 10.7%, and the company returned to profitability in terms of operating profit.

Park Jongseon, a researcher at Eugene Investment & Securities, explained, "Domestic franchise sales increased by 13.5% year-on-year, reflecting the recovery in consumer demand and the effect of converting franchise regional headquarters to direct management." He added, "Last year's base effect from commission payments for converting franchise regional headquarters to direct management, as well as the end of golf events, led to reduced costs, which improved profitability."

He further analyzed, "Sales volume is expected to increase in the second half of the year due to the government's issuance of livelihood recovery consumption coupons and the impact of the peak season." He forecasted, "In the third quarter, sales will reach 132.6 billion KRW and operating profit will be 10.4 billion KRW." He emphasized that "these figures represent increases of 3.9% and 35.8%, respectively, compared to the same period last year, continuing the growth trend in performance."

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