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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.
Kangwon Land
Kangwon Land (035250) investor relations material
Kangwon Land Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary6 Nov, 2026
Executive summary
3Q26 consolidated sales were W369.5bn, down 3.8% YoY; operating profit was W59.7bn, down 17.9%, and net loss was W3.6bn versus W113.1bn net profit in 3Q25.
Results are tentative K-IFRS figures pending external audit; consolidated financial statements were scheduled for release on November 16, 2026.
Financial highlights
Sales of W369.5bn fell 3.8% YoY and rose 6.9% QoQ; operating profit of W59.7bn fell 17.9% YoY and increased 36.2% QoQ.
Gross profit was W98.9bn, down 10.8% YoY; SG&A rose 2.9% to W39.2bn.
Net loss was W3.6bn versus W113.1bn net profit in 3Q25; income before tax was W3.7bn versus W144.8bn.
Outlook and guidance
Mountain Condo guestroom renovations are scheduled for completion in 4Q27; Main Tower of High1 Gran Hotel renovations are scheduled for 1Q28.
Guestroom renovations began in March 2026 and cover 41% of total room inventory.
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Latest events from Kangwon Land
- VAT refunds boosted net income as operating income softened.035250
Q2 2024 - 4Q sales grew, but costs and prior-year one-offs weighed on profit.035250Q4 2025
- Q3 net profit rose 24.3% as 9M earnings advanced, amid casino expansion and legal risks.035250Q3 2024
- Steady casino sales and higher separate operating profit contrasted with weaker consolidated earnings and cash flow.035250Q1 2025
- Gaming-led Q2 sales growth masked weaker earnings amid expansion, regulatory and litigation risks.035250Q2 2025
- FY2024 net profit grew 35.8%, boosted in Q4 by a ₩47.8bn VAT refund.035250Q4 2024
- Financial gains lifted profit despite weaker Q2 operations and nearly flat H1 revenue.035250Q2 2026
- Revenue rose, but earnings and operating cash flow weakened amid casino-led investment.035250Q1 2026
- Casino-led revenue rose, while operating profit declined and financial gains supported earnings.035250Q3 2025
Next Kangwon Land earnings date
Q4 202628 Jan, 2027
Kangwon Land
Next Kangwon Land earnings date
Q4 202628 Jan, 2027
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