[Featured Stock] Amorepacific Reflects Sulwhasoo Growth Despite Earnings Slump, Up 6.3%

[Asia Economy Reporter Minji Lee] Amorepacific is rising more than 6%. Despite announcing third-quarter earnings below market expectations, the growth of its flagship brand ‘Sulwhasoo’ is interpreted as having positively influenced the stock price.

At 10:02 AM on the 1st, Amorepacific was trading at 193,000 KRW, up 6.34% from the previous trading day on the KOSPI market.

In the third quarter, Amorepacific reported consolidated sales of 1.1089 trillion KRW, up 1.9%, and operating profit of 50.3 billion KRW, down 10%. The operating profit fell short of market expectations (67.3 billion KRW) due to the inclusion of a 17 billion KRW bonus provision.

By segment, overseas sales decreased by 9% year-on-year, while Sulwhasoo achieved over 50% high growth in the Chinese market, enhancing brand competitiveness. Huh Jena, a researcher at KakaoPay Securities, explained, “Although the growth of Sulwhasoo did not stand out in the earnings due to sales decline from the efficiency improvement of Innisfree stores in China, from the second half of next year, the growth of luxury brands will be fully visible, and profitability will steeply improve again.”

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