JS Global Lifestyle Full Year 2024 Earnings: Misses Expectations

JS Global Lifestyle (HKG:1691) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.59b (up 12% from FY 2023).
• Net income: US$6.21m (down 88% from FY 2023).
• Profit margin: 0.4% (down from 3.6% in FY 2023).
• EPS: US$0.002 (down from US$0.015 in FY 2023).

We've discovered 2 warning signs about JS Global Lifestyle. View them for free.

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

JS Global Lifestyle Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 90%.

The primary driver behind last 12 months revenue was the Joyoung segment contributing a total revenue of US$1.22b (77% of total revenue). Notably, cost of sales worth US$1.08b amounted to 68% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to US$331.5m (55% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$98.2m. Explore how 1691's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Consumer Durables industry in Hong Kong.

Performance of the Hong Kong Consumer Durables industry.

The company's shares are up 4.5% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for JS Global Lifestyle that you need to take into consideration.

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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.