South Korea · Delayed Price · Currency is KRW Lotte Shopping Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw revenue up 3.6% YoY and net profit up 694.1%, driven by strong Department Store and overseas growth, especially from foreign customers and Vietnam. Double-digit growth is expected to continue in key segments, with HomeShopping and e-commerce profitability improving.
Fiscal Year 2025
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Q4 2025 saw revenue and profit growth, led by department stores and Vietnam operations, with net profit turning positive. 2026 guidance targets 4% revenue and 19% OP growth, with continued focus on foreign customers, e-commerce profitability, and overseas expansion.
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Q3 2025 saw revenue and profit declines due to weak grocery and one-off costs, but department stores and Vietnam operations delivered strong growth. Q4 is expected to rebound, driven by high-margin fashion, foreign inbound sales, and ongoing cost controls.
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Q2 2025 saw revenue and operating profit decline due to weak domestic demand, but H1 OP rose 11% YoY on strong department store and overseas results. E-commerce and Hi-Mart improved, while grocery and Cultureworks lagged. H2 outlook is positive, with no change to year-end guidance.
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Q1 2025 saw stable revenue but a sharp net profit decline due to a high prior-year base, while operating profit rose on overseas strength and efficiency gains. Overseas segments, especially in Vietnam and Indonesia, drove growth, and e-commerce and department stores are expected to improve further in Q2.
Fiscal Year 2024
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Q4 2024 saw revenue and operating profit decline YoY, impacted by one-off costs and weak domestic demand, but profitability initiatives and overseas growth showed positive trends. Land revaluation improved the debt ratio, and 2025 guidance targets stable revenue and higher operating profit.
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Q3 revenue declined 4.6% YoY, but operating profit rose 9.1% due to improved overseas and core subsidiary performance. Net profit fell sharply on FX and equity losses. Q4 is expected to see recovery, with fresh foods and e-commerce fashion driving growth, and overseas expansion remains a key focus.
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Second quarter revenue declined 5.4% year-over-year, but operating profit rose 8.9% due to improved performance in Home Shopping and Cultureworks. Net profit turned negative from asset impairment and disposal losses in China, while Vietnam operations continued strong growth.