The company said net sales for the fiscal 2023 Q4 (13 weeks) decreased 3.4% to $9.9 billion, and net sales for the full year (52 weeks) increased 2.2% to $38.7 billion. It cited Q4 declines driven by one less week of sales than the prior-year period and store closures.

1. 01

   The company said net sales for the fiscal 2023 Q4 (13 weeks) decreased 3.4% to $9.9 billion, and net sales for the full year (52 weeks) increased 2.2% to $38.7 billion. It cited Q4 declines driven by one less week of sales than the prior-year period and store closures.

2. 02

   The company said operating profit for Q4 decreased 37.9% to $579.7 million, and full-year operating profit decreased 26.5% to $2.4 billion. Gross profit margin for Q4 was 29.5%, below 30.9% a year earlier, and full-year diluted EPS fell 29.3% to $7.55.

3. 03

   The company said cash flow from operating activities for the full fiscal 2023 increased 20.5% to $2.4 billion. Over the same period, additions to property and equipment totaled $1.7 billion, and the company opened 987 new stores, remodeled 2,007 stores and relocated 129 stores.

4. 04

   The company expects, for the 52-week fiscal year 2024, net sales growth of approximately 6.0% to 6.7%, diluted EPS of approximately $6.80 to $7.55, and capital expenditures of $1.3 billion to $1.4 billion. The company said this guidance assumes no share repurchases in fiscal year 2024.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.