Hong Kong · Delayed Price · Currency is HKD JS Global Lifestyle Company Earnings Call Transcripts
Fiscal Year 2026
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Revenue declined 5.3% year-over-year to $741 million, but adjusted net profit rose 9.6% as profitability improved, driven by strong APAC and ANZ growth and new product launches. Joyoung faced headwinds but maintained market share, while South Korea and emerging markets showed recovery and expansion.
Fiscal Year 2025
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FY2025 revenue rose 4.1% and adjusted net profit reached $31.1M, up 338%. SN APAC led growth, while 2026 plans center on innovation, disciplined expansion and profitability improvement.
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Revenue grew 4.2% year-on-year to $774 million, but net profit turned negative due to high APAC investment and competitive pressures. APAC revenue surged 86.9%, with strong market share gains in key categories, while domestic performance stabilized amid fierce competition.
Fiscal Year 2024
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Revenue grew 11.5% year-over-year to $1.59 billion, driven by SN APAC's 125% surge, while Joyoung's revenue declined 3% amid fierce competition. Gross margin improved, but net profit fell due to Joyoung's performance and APAC investments. Expansion and innovation remain key priorities.
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Revenue grew 29.5% year-over-year in H1 2024, driven by strong APAC performance and new product launches. Gross margin improved, with APAC maintaining a high 40%-45% level, and all interest-bearing loans repaid. Continued investment in innovation and market expansion is expected.