‘Missha’ Able C&C posts operating profit of 600 million KRW in Q3... third consecutive quarter of profit

[Asia Economy Reporter Moon Hyewon] Able C&C announced on the 15th that its consolidated sales for the third quarter of this year reached 58.7 billion KRW, marking a 1.6% increase compared to the same period last year.

Operating profit was 600 million KRW, increasing by 5.2 billion KRW from the same period last year, continuing a profit streak for three consecutive quarters. This simultaneous growth in sales and operating profit was the first in 11 quarters since Q4 2019.

Able C&C explained, "Through our three major growth strategies?strengthening the multi-brand portfolio, expanding growth in overseas markets, and digital transformation?we have recorded profits for three consecutive quarters from Q1 to Q3 this year, creating an upward trend in both sales and operating profit."

On a separate basis, sales reached 49 billion KRW, a 21% increase compared to the same period last year, with operating profit rising by 1.9 billion KRW. By channel, both online and offline sales grew evenly by 16% and 18%, respectively.

Sales of the U.S. subsidiary, a key market, increased by 66%. Able C&C is recognized for building strong brand awareness in the U.S. market by promoting its flagship brand, Missha. Following its entry into Amazon, the largest online shopping mall in the U.S., it recently launched on the online channel of Saks Fifth Avenue, one of the leading luxury department stores in the U.S.

The brand portfolio, covering basic and color cosmetics as well as herbal and derma fields?including Missha, A'PIEU, Chogongjin, Stila, Cellapy, and Lapothicell?strengthened individual brand assets, driving performance growth. Missha, focusing on core product lines such as ampoules and essences, and Chogongjin, which implemented a premium strategy after brand renewal, recorded remarkable sales growth of 36% and 17% year-over-year, respectively.

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