Yonghui Superstores Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 01, 2024

Yonghui Superstores (SHSE:601933) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥16.8b (down 16% from 3Q 2023).
Net loss: CN¥353.2m (loss widened by 9.9% from 3Q 2023).
CN¥0.071 loss per share (further deteriorated from CN¥0.036 loss in 3Q 2023).

earnings-and-revenue-growth — SHSE:601933 Earnings and Revenue Growth November 1st 2024

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

Yonghui Superstores Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Consumer Retailing industry in China.

Performance of the Chinese Consumer Retailing industry.

The company's shares are up 22% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Yonghui Superstores that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.