Further Cost Reductions in the Food-Service Business
First written in FY2018-Q1. 3 of 9 entries say "Dropped", first in FY2018-Q2. Latest entry: FY2020-Q1.
The whole theme swung hardest in 2022: 1 of 9 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2020-Q1DroppedAnnual report
「In the Foodservice segment, the company closed one outlet, but sales at existing outlets remained strong.」
There is no specific mention of operating efficiency or cost reductions in the food-service business. Instead, store closures, sales at existing stores, and future renovations and new store openings are the focus. - FY2019ReframedAnnual report
「Going forward, we will increase capital investment in the continued operation and regular renovation of existing stores and in new store openings, and will continue working to increase sales.」
The means of improving the food-service business have expanded beyond the previous focus on cost reductions and operating efficiency to include capital investment in the continued operation and regular renovation of existing stores and in new store openings. - FY2019-Q3RestatedAnnual report
「In the Foodservice segment, campaigns at KFC outlets were well received, and the company continued to improve operational efficiency. As a result, net sales were ¥2,045 million, up 4.0% year on year, and segment profit was ¥229 million, up 10.2%.」
The company explains that ongoing improvements in operating efficiency in the food-service business led to increases in revenue and segment profit. - FY2019-Q2DroppedAnnual report
「In the food-service business, sales were strong due to the popularity of campaign products and Christmas sales, but costs increased due to expenses for renovating some stores and higher labor costs, among other factors,」
There is no specific mention this time of improved operating efficiency in the food-service business, which was cited in the previous quarter. Instead, renovation expenses and higher labor costs are identified as cost factors. - FY2019-Q1ReframedAnnual 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%.」
The means of improving the food-service business has shifted from cost reductions through store closures and other measures through the previous fiscal year to improved operating efficiency this time. - FY2018RestatedAnnual report
「Although efforts were made to reduce costs by closing unprofitable stores and through other measures,」
The company continues to reduce costs through store closures and other measures in the food-service business, but states that this was insufficient to offset declines in selling prices and other factors. - FY2018-Q3RestatedAnnual report
「In the Foodservice segment, the company closed foodservice outlets, but profit margins improved due to lower costs.」
Lower costs and an improved profit margin resulting from the closure of food-service stores are again cited as the effects of cost reductions in the food-service business. - FY2018-Q2DroppedAnnual 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.」
There is no specific mention this quarter of the further cost reductions in the food-service business cited in the previous quarter. Instead, the improvement in the profit margin is attributed to higher selling prices and strong Christmas sales. - FY2018-Q1First statedAnnual report
「As a result of efforts to achieve further cost reductions, segment profit was ¥66 million, up 21.5% year on year.」
The company explains that additional cost reductions in the food-service business led to an increase in segment profit.