Padini Holdings Berhad Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Padini Holdings Berhad (KLSE:PADINI) Full Year 2024 Results

Key Financial Results

• Revenue: RM1.92b (up 5.3% from FY 2023).
• Net income: RM146.6m (down 34% from FY 2023).
• Profit margin: 7.6% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: RM0.22 (down from RM0.34 in FY 2023).

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

Padini Holdings Berhad Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 13%.

The primary driver behind last 12 months revenue was the Apparels and Footwear segment contributing a total revenue of RM1.93b (100% of total revenue). Notably, cost of sales worth RM1.22b amounted to 64% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to RM375.7m (68% of total expenses). Explore how PADINI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Specialty Retail industry in Malaysia.

Performance of the Malaysian Specialty Retail industry.

The company's shares are down 2.8% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Padini Holdings Berhad, and understanding these should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.