EEKA Fashion Holdings Full Year 2023 Earnings: Misses Expectations

EEKA Fashion Holdings (HKG:3709) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥6.91b (up 22% from FY 2022).
• Net income: CN¥838.2m (up 119% from FY 2022).
• Profit margin: 12% (up from 6.8% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CN¥1.24 (up from CN¥0.56 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

EEKA Fashion Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 1.6%.

In the last 12 months, the only revenue segment was Retailing and Wholesaling of Ladies' Wear contributing CN¥6.91b. The largest operating expense was Sales & Marketing costs, amounting to CN¥3.05b (69% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥24.8m. Explore how 3709's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Specialty Retail industry in Hong Kong.

Performance of the Hong Kong Specialty Retail industry.

The company's shares are up 1.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for EEKA Fashion Holdings you should know about.

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