CJ Freshway Reports Q1 Sales of 833.9 Billion Won... 'Online Food Materials Business' Up 17%

Operating Profit at 11 Billion Won... Food Service Sales Reach 427.4 Billion Won

"Balanced Growth in Distribution and Food Service Businesses... Results from New Growth Models Confirmed"

CJ Freshway posted sales of 833.9 billion won and operating profit of 11 billion won in the first quarter. These figures represent year-on-year increases of 4.4% and 3.8%, respectively.

On May 8, CJ Freshway announced that despite weakened domestic consumer sentiment due to external uncertainties, the company achieved stable results by maintaining growth across all business divisions.

Sales from the food materials distribution business (restaurant food materials and food ingredients) reached 399.9 billion won. In particular, first-quarter online channel sales grew by 17% year-on-year, marking continued double-digit growth and driving performance improvement.

CJ Freshway explained that this achievement is the result of consistently strengthening its online distribution competitiveness by expanding its product assortment and upgrading logistics services. The growth in the food ingredients segment, driven by acquiring new restaurant franchise clients and expanding distribution of differentiated products such as dairy and seafood, also contributed to improved performance.

The catering business (catering food materials and food services) recorded sales of 427.4 billion won. Sales from services such as 'Fresh Meal On' within the meal service 'Kitchenless' rose by 41% compared to the same period last year. In the food service segment, sales from large concession channels, including Incheon Airport food courts, increased by 43%.

Seongcheol Lim, Chief Financial Officer (CFO) of CJ Freshway, stated, "Even during the off-season and amid external uncertainties, we confirmed balanced growth in our distribution and catering businesses, as well as the performance of our new growth models." He added, "We will accelerate the execution of new businesses to establish a sustainable, profitability-focused growth structure."

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