Gambol Pet Group Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Gambol Pet Group (SZSE:301498) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.24b (up 19% from 3Q 2023).
• Net income: CN¥162.0m (up 49% from 3Q 2023).
• Profit margin: 13% (up from 10% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.41 (up from CN¥0.29 in 3Q 2023).

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

Gambol Pet Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) exceeded analyst estimates by 33%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Food industry in China.

Performance of the Chinese Food industry.

The company's shares are up 14% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Gambol Pet Group's balance sheet health.

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