Able C&C Reports Operating Profit of 3.8 Billion KRW in Q2, Up 58.6% YoY

Able C&C announced on the 14th that both sales and operating profit achieved double-digit growth in the second quarter of this year.

[Provided by Able C&C]

Able C&C disclosed on the same day that its consolidated sales for the second quarter reached 74.6 billion KRW, and operating profit was 3.8 billion KRW. Compared to the same period last year, sales increased by 14.9% and operating profit rose by 58.6%.

An Able C&C representative explained, “Starting from the second quarter of this year, we have been promoting the global campaign ‘BEAUTY IS REALITY’ of our flagship brand MISSHA, appointing Hollywood actress Elizabeth Olsen and K-POP star Sana from TWICE as models to accelerate sales growth. This expanded marketing investment has led to a virtuous cycle resulting in substantial growth in sales and operating profit.”

Consolidated sales for the first half of this year amounted to 137.7 billion KRW, and operating profit was 7.9 billion KRW, representing growth of 13.2% and 163.6%, respectively, compared to the same period last year.

The strong performance in the first half is mainly attributed to balanced sales growth in both domestic and global markets. Domestic online and offline sales and overseas sales increased by 16.7% and 7.6%, respectively, compared to the same period last year. In particular, the domestic offline market saw a sharp increase in the SSS (Same Store Sales) growth rate, averaging 16.2%, highlighting the growth trend across all offline stores. This was mainly due to profitability expansion through the renewal of company-owned offline stores and strengthened promotions tailored to each store’s commercial district.

Able C&C is solidifying its position as a leading global company representing K-Beauty by maintaining strong growth across all regions including Asia, Europe, and the Americas in overseas markets. Especially in the European market, known as a barren land for K-Beauty, sales grew by more than 130% compared to the same period last year, continuing its rapid expansion.

Shin Yoo-jung, CEO of Able C&C, stated, “Over the past two years, we have undertaken multifaceted structural improvements to enhance profitability, and the sales growth trend that began in the third quarter of last year has become even more pronounced this year. Additionally, diversification of the brand portfolio and domestic and international channel strategies are yielding concrete results. We will continue sustainable growth under a stable management system in the second half of this year.”

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