361 Degrees International Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

361 Degrees International (HKG:1361) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥8.42b (up 21% from FY 2022).
• Net income: CN¥961.4m (up 29% from FY 2022).
• Profit margin: 11% (in line with FY 2022).
• EPS: CN¥0.47 (up from CN¥0.36 in FY 2022).

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

361 Degrees International Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 1.3%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Luxury industry in Hong Kong.

Performance of the Hong Kong Luxury industry.

The company's shares are up 5.4% from a week ago.

Risk Analysis

Be aware that 361 Degrees International is showing 1 warning sign in our investment analysis that you should know about...

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