- South Korea
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- Food and Staples Retail
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- KOSE:A007070
GS Retail Third Quarter 2024 Earnings: Misses Expectations
GS Retail (KRX:007070) Third Quarter 2024 Results
Key Financial Results
- Revenue: ₩3.05t (up 3.7% from 3Q 2023).
- Net loss: ₩59.8b (down by 201% from ₩59.3b profit in 3Q 2023).
- ₩577 loss per share (down from ₩580 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
GS Retail Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in South Korea.
Performance of the South Korean Consumer Retailing industry.
The company's shares are up 4.7% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for GS Retail you should know about.
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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.
About KOSE:A007070
Undervalued with adequate balance sheet.
