Able C&C (078520) Q3 2026 earnings summary

Executive summary

• Q3 revenue was KRW57,855m, up 2.8% YoY; excluding exited directly operated stores, growth was 20%.

• Q3 operating income was KRW6,461m versus a KRW954m loss; operating margin was 11.2%.

• 9M revenue reached KRW184,461m (+5.9% YoY), operating income KRW26,293m (+143.4%), and net income KRW18,875m versus KRW8,167m.

• International expansion remained central, with distribution in 56 countries and ~42,000 stores; a European entity was established in August.

Financial highlights

• Q3 gross profit was ₩32.7bn, up 5.5% YoY; SG&A fell 17.9% to ₩26.3bn.

• 9M consolidated gross profit was KRW105,466m versus KRW95,316m; SG&A was KRW79,174m versus KRW84,512m.

• Consolidated operating cash flow was KRW3,588m versus KRW22,592m; September cash and equivalents were KRW25,362m, down from KRW40,504m at year-end 2025.

Outlook and guidance

• Strategy prioritizes profitable growth, efficiency in low-return channels, and expansion through global retail, digital platforms, and local distribution networks.

• Plans include extending coverage in Europe and other new markets and growing digital sales through Amazon and TikTok Shop.

• U.S. Prime Big Deal Days sales grew 58% YoY, supporting the stated Q4 growth outlook; digital performance is supporting distribution expansion plans.