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ABC-MART Surges on Consecutive Profit Growth Forecast and \5 Dividend Hike for FY02/2027
ABC-MART <2670> surged sharply, hitting a new year-to-date high. The company announced its consolidated earnings forecast for the fiscal year ending February 2027 after the close of trading on the 8th, projecting sales of \400.8 billion (up 5.9% year-on-year), operating profit of \65.6 billion (up 3.7%), and net profit of \46.4 billion (up 0.1%), with higher revenue and profit expected. The company also raised its annual dividend forecast by \5 from the previous fiscal year to \80, which was well received by investors.
Domestically, the company plans to open 36 new stores and renovate approximately 50 stores. Overseas, it plans to open 26 new stores and renovate 20 stores across four countries, centered on South Korea. Additionally, anticipating increased demand driven by growing health awareness, ABC-MART will strengthen sales of running shoes and walking shoes, expand its lineup of hands-free shoes, and enhance sales of lifestyle casual products to drive revenue growth.
For the fiscal year ended February 2026, the company reported sales of \378.624 billion (up 1.7% year-on-year), operating profit of \63.287 billion (up 1.2%), and net profit of \46.346 billion (up 2.2%).
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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