Luk Fook Holdings (International) Full Year 2024 Earnings: Misses Expectations

Simply Wall St.07-26

Luk Fook Holdings (International) (HKG:590) Full Year 2024 ResultsKey Financial Results Revenue: HK$15.3b (up 28% from FY 2023). Net income: HK$1.77b (up 38% from FY 2023). Profit margin: 12% (in line...

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Net income: HK$1.77b (up 38% from FY 2023). Profit margin: 12% (in line...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/retail/hkg-590/luk-fook-holdings-international-shares/news/luk-fook-holdings-international-full-year-2024-earnings-miss-1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7104","symbol_name":"黄金","start_time":0,"source_url":"https://simplywall.st/stocks/hk/retail/hkg-590/luk-fook-holdings-international-shares/news/luk-fook-holdings-international-full-year-2024-earnings-miss-1","article_id":"2454397588","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/4444000-choice1-main-header/1585186667721"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454397588","pubTimestamp":1721954058,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Luk Fook Holdings (International) ( HKG:590 ) Full Year 2024 Results Key Financial Results Revenue: HK$15.3b (up 28...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7104":"黄金","BK1224":"专卖店","BK1502":"双十一","BK4523":"印度概念","BK1602":"香港零售股","BK1601":"香港本地股","TTM.AU":"TITAN MINERALS LTD","00590":"六福集团","TTM":"塔塔汽车","BK1545":"奢侈品股","BK4099":"汽车制造商"},"translate_title":"六福控股（国际）2024年全年盈利：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00590":1,"TTM":1,"TTM.AU":1},"content_text":"Luk Fook Holdings (International) (HKG:590) Full Year 2024 ResultsKey Financial Results Revenue: HK$15.3b (up 28% from FY 2023). Net income: HK$1.77b (up 38% from FY 2023). Profit margin: 12% (in line with FY 2023). EPS: HK$3.01 (up from HK$2.19 in FY 2023).  SEHK:590 Revenue and Expenses Breakdown July 26th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Luk Fook Holdings (International) Revenues and Earnings Miss Expectations  Revenue missed analyst estimates by 1.8%.  Earnings per share (EPS) also missed analyst estimates by 1.8%.      The primary driver behind last 12 months revenue was the Retailing - Hong Kong, Macau and Overseas segment contributing a total revenue of HK$9.99b (65% of total revenue). Notably, cost of sales worth HK$11.2b amounted to 73% of total revenue thereby underscoring the impact on earnings.  The largest operating expense was Sales & Marketing costs, amounting to HK$1.85b (77% of total expenses).  Explore how 590's revenue and expenses shape its earnings.  Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Specialty Retail industry in Hong Kong.    Performance of the Hong Kong Specialty Retail industry.  The company's shares are down 3.2% from a week ago.   Risk Analysis Before you take the next step you should know about the 1 warning sign for Luk Fook Holdings (International) that we have uncovered. New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? Concerned about the content? Get in touch with us directly. 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