[Retail Walk] Lotte Shopping Driven by Department Stores—This Year’s Focus Shifts to Mart Performance
Lotte Shopping’s Q4 earnings surged on strong department store sales, but ongoing grocery segment losses highlight the need for a turnaround in 2024.
Lotte Shopping Q4 Operating Profit Jumps 54.7% to KRW 227.7 Billion, Driven by Department Stores and Overseas Business
Lotte Shopping Co. reported a 54.7% surge in Q4 operating profit to KRW 227.7 billion, driven by strong department store and overseas business, while raising its annual dividend payout ratio above 40%.
Lotte Shopping Q4 Operating Profit Up 54.7% to KRW 227.7 Billion—Slightly Misses Estimates (Update)
Lotte Shopping Co. reported a 54.7% year-on-year surge in Q4 operating profit to KRW 227.7 billion, though results slightly missed market expectations.
Lotte Shopping Q4 Operating Profit Jumps 54.7% to 227.7 Billion Won, Misses Estimates
Lotte Shopping posts a 54.7% surge in Q4 operating profit to 227.7 billion won, but results fall short of market expectations.
'Department Store Strength' Lotte Shopping Raises Q4 Expectations, but Annual Guidance Remains Uncertain
Lotte Shopping Co. is expected to post strong Q4 results led by department stores, but ongoing grocery weakness and heavy investments may keep annual earnings below guidance.
Lotte Shopping Posts Q3 Operating Profit of 130.5 Billion Won, Down 15.8%—Department Stores and Overseas Operations Show Growth
Lotte Shopping Co. reported Q3 operating profit of 130.5 billion won, down 15.8% year-on-year, as department store and overseas growth was offset by weak grocery and e-commerce results.
Lotte Shopping Reports Q3 Operating Profit of 130.5 Billion Won, Down 15.8%—Slightly Misses Estimates (Update)
Lotte Shopping Co. reported a 15.8% year-on-year drop in Q3 operating profit to 130.5 billion won, slightly missing market expectations as revenue also declined.
Lotte Shopping Posts Q3 Operating Profit of 130.5 Billion Won, Down 15.8%—Slightly Misses Estimates
Lotte Shopping reported a third-quarter operating profit of 130.5 billion won, marking a 15.8% year-on-year decline and coming in slightly below market expectations.
Lotte Shopping Expected to Maintain Q3 Operating Profit on Strong Department Store and Hi-Mart Performance
Lotte Shopping is expected to maintain Q3 operating profit as strong department store and Hi-Mart results offset weakness in other segments, with overseas business also showing growth.
South Korea's Fair Trade Commission has ordered 13 major online retailers, including Coupang and Lotte Shopping, to rectify systems that automatically imposed extra delivery fees on consumers for certain island regions, even when courier companies did not charge such fees.
#YonhapInfomax #KFTC #OnlineRetailers #AdditionalDeliveryFees #Coupang #LotteShopping #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=84759
KFTC Orders 13 Online Retailers to Rectify Automatic Surcharging of Additional Delivery Fees
South Korea's Fair Trade Commission has ordered 13 major online retailers, including Coupang and Lotte Shopping, to rectify systems that automatically imposed extra delivery fees on consumers for certain island regions, even when courier companies did not charge such fees.
Yonhap Infomax News