Japanese snacks group Calbee has pointed to rising sales at home as it reported an increase in nine-month profits.
The company booked a 14% increase in net income to JPY11.79bn (US$100.3m) for the nine months to the end of December.
Go deeper with GlobalData
Operating income jumped 23.6% to JPY19.31bn. Calbee said it achieved its “highest-ever operaing profit ratio” thanks to higher domestic sales and lower costs.
Net sales were up 10.6% at JPY164.64bn. Japan accounts for the bulk of Calbee’s revenue and domestic sales grew 8.3% to JPY148.74bn. Calbee cited “strong sales” of its potato-based snacks and its Furugura cereal.
Overseas sales were up by 37% at JPY15.9bn, with Calbee reporting sales of its Harvest Snaps in North America “grew strongly”.
See Also:
Calbee noted the 14% rise in net income came despite an impairment charge on its Calbee (Hangzhou) Foods Co. Ltd unit in China. The company said the business’s performance “continues to be sluggish”.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
