[Click eStock] "Chris F&C, Golf Wear Selling Like Hotcakes"

[Asia Economy Reporter Park Hyungsoo] Hana Financial Investment analyzed on the 2nd that as the number of confirmed cases of the novel coronavirus infection (COVID-19) increases, the usage rate of golf courses, which have relatively low contact frequency, is rising. It predicted that Chris F&C, a distributor of golf wear brands, will benefit.

An Juwon, a researcher at Hana Financial Investment, explained, "Chris F&C owns many popular brands such as Parigates, Master Bunny, and St. Andrews," adding, "Sales are rapidly recovering based on about 600 stores nationwide."

He continued, "As it has entered a period of boom escaping from poor performance, it is a time to pay attention," and said, "Chris F&C is estimated to achieve sales of 79.6 billion KRW and operating profit of 13 billion KRW in the second quarter of this year."

He predicted, "Growth became prominent in May and is expected to maintain the growth trend in June as well," adding, "Performance is expected to recover from the second quarter."

Researcher An emphasized, "Among the brands, Parigates and Master Bunny are making significant contributions," and highlighted, "Parigates' sales in the second quarter are expected to be 27.8 billion KRW, with sales rapidly increasing mainly through agencies and department stores."

Additionally, he said, "Master Bunny, launched in 2017, is entering its third year with steep growth," and "Second-quarter sales are projected to be 4.9 billion KRW."

This content was produced with the assistance of AI translation services.