The company said net sales for the 3-month period ended September 30, 2024 were $1.88 billion, up about $24.9 million (1.3%) from a year earlier, and that unfavorable foreign currency exchange effects were about $62.8 million.

1. 01

   The company said net sales for the 3-month period ended September 30, 2024 were $1.88 billion, up about $24.9 million (1.3%) from a year earlier, and that unfavorable foreign currency exchange effects were about $62.8 million.

2. 02

   The company said gross profit for Q3 was $999.8 million, and gross profit as a percentage of net sales was 53.2% (53.7% excluding Alcohol Brands inventory reserves of $10.6 million), compared with 53.0% a year earlier.

3. 03

   The company said operating expenses for Q3 were $519.9 million, up 9.9%, and included a provision for the Hubert Hansen-related claim of $16.7 million; it also said operating income was $479.9 million and net income was $370.9 million.

4. 04

   The company said it entered into an unsecured credit facility totaling $1.50 billion in May 2024, consisting of a term loan of $750.0 million and a revolving credit facility of $750.0 million, and that cash and cash equivalents were $1.63 billion as of September 30, 2024.

Key figures

Quarter ended September 30, 2024

Revenue

$1.9B

Operating income

$480M

Gross profit

$1.0B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.