JS Global Lifestyle (HKG:1691) Full Year 2024 Results
Key Financial Results
- Revenue: US$1.59b (up 12% from FY 2023).
- Net income: US$6.21m (down 88% from FY 2023).
- Profit margin: 0.4% (down from 3.6% in FY 2023).
- EPS: US$0.002 (down from US$0.015 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
JS Global Lifestyle Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 90%.
The primary driver behind last 12 months revenue was the Joyoung segment contributing a total revenue of US$1.22b (77% of total revenue). Notably, cost of sales worth US$1.08b amounted to 68% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to US$331.5m (55% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$98.2m. Explore how 1691's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Consumer Durables industry in Hong Kong.
Performance of the Hong Kong Consumer Durables industry.
The company's shares are up 4.5% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for JS Global Lifestyle that you need to take into consideration.
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