[Click eStock] "Shinsegae Food, Gradual Earnings Recovery Expected"

Hana Securities expected that Shinsegae Food's performance would pass the bottom and show gradual recovery on the 28th.

Sim Eun-joo, a researcher at Hana Securities, said, "It is estimated that the consolidated sales will reach 1,590.5 billion KRW and operating profit will be 30.1 billion KRW this year," adding, "which is an increase of 6.8% and 14.1%, respectively, compared to last year."

She continued, "Based on profitability-focused management efficiency in major business divisions, operating strength around 30 billion KRW will be restored in three years."

Researcher Sim emphasized, "The meal service business is expecting profitability recovery through securing large clients," and "the dining-out business is also focusing on management efficiency by reducing low-profit stores."

She predicted, "It is judged that the shipment of imported ingredients for Emart is increasing," and "sales to Starbucks are expected to maintain last year's level."