The company said annual sales for 2023 rose to $15.81 billion, an increase of $14.41 billion or 10% from $1.40 billion in 2022, and that comparable store sales in the U.S. increased 7.9%.

1. 01

   The company said annual sales for 2023 rose to $15.81 billion, an increase of $14.41 billion or 10% from $1.40 billion in 2022, and that comparable store sales in the U.S. increased 7.9%.

2. 02

   The company said operating income for 2023 rose 8% to $3.19 billion, or 20.2% of sales, compared with $2.95 billion, or 20.5%, in 2022. Gross profit was $8.10 billion, or 51.3% of sales, and SG&A was $4.92 billion, or 31.1% of sales.

3. 03

   Net income for 2023 was $2.35 billion, or 14.8% of sales, compared with $2.17 billion, or 15.1%, in 2022, the company said. Diluted earnings per share rose 15% to $38.47 on 61 million shares.

4. 04

   The company said it operated 6,095 stores in 48 U.S. states and Puerto Rico and 62 stores in Mexico as of December 31, 2023. It plans to open 190 to 200 net new stores in 2024.

Key figures

Fiscal year ended December 31, 2023

Revenue

$15.8B

Operating income

$3.2B

Net income

$2.3B

EPS

$38.47

Gross profit

$8.1B

Operating cash flow

$3.0B

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.