KUSURI NO AOKI shares extend gains as June-August operating profit rises 16%, September same-store sales continue growth
KUSURI NO AOKI HOLDINGS CO., LTD. <3549> shares continued to surge, buoyed by buying interest following strong quarterly earnings released after the close on Oct. 1. The company reported first-quarter consolidated earnings for the fiscal year ending May 2027 (May 21 to Aug. 20), with net sales up 13.8% year-on-year to 159.042 billion yen and operating profit up 16.0% to 8.424 billion yen.
The company is expanding its food category by increasing the proportion of large-format store openings and enhancing its expertise in fresh produce. During the June-August period, KUSURI NO AOKI opened 21 new drugstores to advance its store-dominance strategy. While five stores were closed during the period, its total drugstore count stood at 1,123 as of Aug. 20.
The company also released its September monthly sales report (Aug. 21 to Sept. 20). Same-store sales rose 2.4% year-on-year, marking a third consecutive month of growth and providing additional support for the stock.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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