KFC (3420) Q1 2025 earnings summary

Executive summary

• Revenue increased 16.5% year-over-year to ¥5,626 million for the first quarter ended June 30, 2024, but the company posted an operating loss of ¥48 million and a net loss attributable to shareholders of ¥13 million, reversing profits from the prior year.

• Despite higher sales, profitability was pressured by increased cost ratios and higher SG&A expenses.

Financial highlights

• Revenue: ¥5,626 million (up 16.5% year-over-year).

• Operating loss: ¥48 million (compared to operating profit of ¥77 million last year).

• Ordinary loss: ¥13 million (compared to ordinary profit of ¥109 million last year).

• Net loss attributable to shareholders: ¥13 million (compared to net profit of ¥61 million last year).

• Comprehensive income dropped to ¥0 million from ¥151 million year-over-year.

Outlook and guidance

• Full-year revenue forecast is ¥26,000 million (up 3.7% year-over-year), with net profit forecast at ¥945 million (up 19.7%).

• No changes to previously announced guidance.