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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