The company said net sales for Q4 2023 rose 14.4% to $1.73 billion, that foreign exchange rates had an unfavorable impact of $27.1 million, and that net sales rose 16.1% on a foreign currency adjusted basis.

1. 01

   The company said net sales for Q4 2023 rose 14.4% to $1.73 billion, that foreign exchange rates had an unfavorable impact of $27.1 million, and that net sales rose 16.1% on a foreign currency adjusted basis.

2. 02

   The company said gross profit as a percentage of net sales for Q4 2023 was 54.2%, up from 51.8% a year earlier, and that the Bang Inventory Step-Up had an unfavorable impact of about $5.0 million on gross profit. It said gross profit as a percentage of net sales was 54.5% excluding the Bang Inventory Step-Up.

3. 03

   The company said operating expenses for Q4 2023 included $39.9 million of impairment charges related to the Alcohol Brands segment. It said net income for the quarter rose 21.6% to $367.0 million.

4. 04

   The company said net sales for 2023 rose 13.1% to $7.14 billion, net income rose 36.9% to $1.63 billion, and net income per diluted share was $1.54.

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

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