Foodist, a business-to-business food service and distribution company, reported revenue of 1.0766 trillion won ($768 million) for 2024, up 7.1% from the previous year, the company said Monday. Operating profit surged 12-fold over the same period, marking the best performance in company history.
The contract foodservice and concession (FS) division led the growth, expanding 21.2%. Foodist attributed the gains to enhanced operational capabilities at existing sites, menu improvements including special menus developed through brand collaborations, and an increase in the number of meals served. The company also secured major new clients including highway rest stop operations, High1 Resort, and Sono International, accelerating its expansion.
The food ingredients division posted solid growth of 9.4%. Foodist plans to diversify its product lineup this year with the launch of a specialized care brand and expand customized solutions for clients. The company's private-brand products also performed well, with its "Sikjajaewang" line surpassing 200 billion won in sales on strong demand from food service operators and quality recognition.
"Last year's strong results reflect improved competitiveness across orders, operations, and products, as well as synergies with Sajo Group that are now materializing," a Foodist official said. "We will continue our growth trajectory this year by pursuing customer-focused strategies and strengthening our business expertise."
