Oasis Market Breaks Quarterly Record... 1Q Operating Profit Up 567% YoY

Q1 Sales 128.9 Billion KRW, Operating Profit 6.2 Billion KRW
"Impact of Increased Customer Unit Price and Delivery Volume"

Oasis Market announced on the 14th that it achieved the highest quarterly performance in history for the first quarter of this year. This follows the record-breaking annual performance last year, continuing its strong results.

According to Oasis's quarterly report, Oasis Market recorded consolidated sales of 128.9 billion KRW and an operating profit of 6.2 billion KRW in the first quarter of this year. Sales in the first quarter increased by 12% compared to 114.7 billion KRW in the first quarter of last year, and operating profit grew by 567% compared to 900 million KRW in the first quarter of last year.

Oasis Market headquarters building.
[Photo by Oasis Market]

Oasis Market explained that the simultaneous growth in sales and operating profit was influenced by increases in average spending per customer and the number of deliveries. In the first quarter of this year, Oasis Market's average spending per customer and delivery count increased by 10% and 12%, respectively, compared to the same period last year.

Following last year, the increase in online sales in the first quarter of this year also drove the strong performance. Online sales in the first quarter of 2024 grew by 21% year-over-year, maintaining a high growth rate.

An Oasis Market representative stated, "The strengthening loyalty of our loyal customers has led to an increase in average spending per customer, and the growth in membership numbers has resulted in more deliveries, creating a positive effect." They added, "By staying true to the basics of good products and reasonable prices, we will establish ourselves as the leading company in fresh food dawn delivery in the second quarter as well."

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