Decline in Foodservice Revenue Due to Store Closures in the Previous Consolidated Fiscal Year
First written in FY2018-Q1. 4 of 12 entries say "Restated". Latest entry: FY2022-Q3.
1 other company's latest entry also says "Dropped".
- FY2022-Q3DroppedAnnual report
「In the food-service business, sales opportunities decreased compared with the previous year because the company accepted requests from local authorities to shorten operating hours, but」
There is no specific explanation this time of reduced sales opportunities due to store renewals and closures during renovation. Instead, requests from local authorities to shorten operating hours are cited as a factor. - FY2021RestatedAnnual report
「At KFC stores, 10 stores were renovated, increasing repair costs. In addition to closing the stores during the renovation period, the company accepted requests from local authorities to shorten operating hours, reducing sales opportunities compared with the previous year, but」
The explanation that the renovation of 10 stores and closures during the renovation period reduced sales opportunities was also confirmed for the full fiscal year. - FY2021-Q3WorsenedAnnual report
「At KFC stores, 10 stores were renovated, increasing repair costs. In addition to closing the stores during the renovation period, the company accepted requests from local authorities to shorten operating hours, reducing sales opportunities compared with the previous year, but」
The number of stores undergoing renovation increased from 6 in the previous quarter to 10, and the company explains that sales opportunities decreased because the stores were closed during renovation. - FY2021-Q2MaterialisedAnnual report
「The period during which the store was closed for renovation reduced sales opportunities compared with the previous year, but」
Unlike the previous decline in revenue due to store closures, this time the company explains that sales opportunities actually decreased because 6 stores were closed during renovation. - FY2020-Q3DroppedAnnual report
「In the food-service business, sales at existing stores remained strong.」
There is no specific explanation this time of the closure of 1 store, which had been mentioned through the previous quarter. Strong sales at existing stores are now the focus. - FY2020-Q2RestatedAnnual report
「In the food-service business, 1 store was closed, but sales at existing stores remained strong.」
The explanation that 1 store was closed while sales at existing stores remained strong has continued from the previous quarter. - FY2020-Q1ReframedAnnual report
「In the Foodservice segment, the company closed one outlet, but sales at existing outlets remained strong.」
The explanation has changed from the impact of store closures in the previous fiscal year to the closure of 1 store in the current quarter. Meanwhile, sales at existing stores are said to have remained strong. - FY2019-Q1DroppedAnnual report
「In the Foodservice segment, campaigns at KFC outlets were well received, and efforts to improve operational efficiency also contributed. As a result, net sales were ¥695 million, up 6.7% year on year, and segment profit was ¥79 million, up 18.6%.」
There is no specific mention this time of a decline in food-service revenue due to store closures in the previous fiscal year. Instead, revenue and profit growth is attributed to the popularity of campaigns and improved operating efficiency. - FY2018RestatedAnnual report
「Although efforts were made to reduce costs by closing unprofitable stores and through other measures, revenue was ¥2,493 million, down 6.1%, and segment profit was ¥211 million, down 2.1%.」
The continued closure of unprofitable stores is cited, alongside declines in food-service revenue and segment profit. - FY2018-Q3ReframedAnnual report
「In the food-service business, stores were closed, but the profit margin improved due to lower costs. As a result, revenue was ¥1,966 million, down 6.2% year on year, while segment profit was ¥207 million, up 3.7%.」
The explanation has changed from the impact of store closures in the previous fiscal year to the closure of food-service stores itself this time. Revenue declined as a result, while the profit margin improved due to lower costs. - FY2018-Q2RestatedAnnual report
「In the Foodservice segment, although the company was affected by store closures in the previous fiscal year, profit margins improved due to higher selling prices and strong Christmas sales, among other factors.」
The impact of store closures in the previous fiscal year continues to be cited as a factor affecting food-service revenue. Meanwhile, the improvement in the profit margin is attributed to higher selling prices and strong Christmas sales. - FY2018-Q1First statedAnnual report
「In the food-service business, revenue was ¥651 million, down 4.5% year on year, due to the impact of store closures in the previous consolidated fiscal year, although」
The impact of store closures carried out in the previous consolidated fiscal year appeared as a decline in food-service revenue in the current quarter.