CJ CheilJedang beats Q1 earnings estimates on US sales
Korean food giant CJ CheilJedang beat earnings estimates in the first quarter of this year, largely driven by increased overseas sales. According to its regulatory filing Tuesday, the company posted 4.44 trillion won ($3.24 billion) in sales and 267 billion won in operating profits in the first months of the year. Its profits alone surged 77.5 percent from the same period last year. Its flagship food business reported 2.83 trillion won in sales and 184.5 billion won in operating profits, up 2.6
May 14, 2024