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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Able C&C
Able C&C (078520) investor relations material
Able C&C Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary12 Nov, 2026
Executive summary
Q3 revenue was KRW57,855m, up 2.8% YoY; excluding exited directly operated stores, growth was 20%.
Q3 operating income was KRW6,461m versus a KRW954m loss; operating margin was 11.2%.
9M revenue reached KRW184,461m (+5.9% YoY), operating income KRW26,293m (+143.4%), and net income KRW18,875m versus KRW8,167m.
International expansion remained central, with distribution in 56 countries and ~42,000 stores; a European entity was established in August.
Financial highlights
Q3 gross profit was ₩32.7bn, up 5.5% YoY; SG&A fell 17.9% to ₩26.3bn.
9M consolidated gross profit was KRW105,466m versus KRW95,316m; SG&A was KRW79,174m versus KRW84,512m.
Consolidated operating cash flow was KRW3,588m versus KRW22,592m; September cash and equivalents were KRW25,362m, down from KRW40,504m at year-end 2025.
Outlook and guidance
Strategy prioritizes profitable growth, efficiency in low-return channels, and expansion through global retail, digital platforms, and local distribution networks.
Plans include extending coverage in Europe and other new markets and growing digital sales through Amazon and TikTok Shop.
U.S. Prime Big Deal Days sales grew 58% YoY, supporting the stated Q4 growth outlook; digital performance is supporting distribution expansion plans.
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Latest events from Able C&C
- Revenue fell 5.7%, but operating results swung to a ₩10.0bn profit.078520
Q4 2022 - Overseas-led growth lifted FY2023 revenue 10.4%, while dividends weighed on cash and equity.078520Q4 2023
- Net income rose to KRW 18.2B on KRW 126.6B revenue, with a KRW 100/share dividend declared.078520Q2 2026
- Q2 profit up 311% on cost cuts; H1 revenue ₩132.5B, net income ₩7.7B, global focus.078520Q2 2024
- Profit margins rose sharply despite lower revenue, with strong export and ESG focus.078520Q3 2024
- Q1 2025 revenue fell 9.8% but net income rose 12.6% to KRW 4.5 billion, driven by global growth.078520Q1 2025
- H1 2025 revenue was KRW 127.98B, net profit KRW 8.49B, overseas sales at 61% of total.078520Q2 2025
- U.S. and global expansion fueled by digital marketing, despite lower profit and a temporary loss.078520Q3 2025
- Q1 2026 delivered double-digit revenue growth and record overseas sales, driving profitability.078520Q1 2026
Next Able C&C earnings date
Q4 202619 Mar, 2027
Able C&C
Next Able C&C earnings date
Q4 202619 Mar, 2027
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