The company said it recorded total net revenues of $9,425.3 million (up 8.2% from $8,713.9 million a year earlier) and GAAP operating income of $1,485.4 million (up 18.5%) for the 13-week Q1 quarter ended December 31, 2023.

1. 01

   The company said it recorded total net revenues of $9,425.3 million (up 8.2% from $8,713.9 million a year earlier) and GAAP operating income of $1,485.4 million (up 18.5%) for the 13-week Q1 quarter ended December 31, 2023.

2. 02

   The company said its operating margin in North America expanded to 21.4% from 18.5% a year earlier, while its International segment operating margin contracted to 13.1% from 14.3%. The company cited in-store operational efficiencies and sales leverage as drivers of the North America expansion, and investments in store partner wages and benefits and business mix shifts as factors in the International contraction.

3. 03

   The company said its diluted earnings per share for Q1 were $0.90 on a GAAP basis, up 21.6% from $0.74 a year earlier, and $0.90 on a non-GAAP basis, up 20.0% from $0.75.

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. Some paragraphs were omitted because their support in the source could not be confirmed.

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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