[Click e-Stock] "APR, Use the Adjustment as a Buying Opportunity"

On November 7, DB Securities advised investors to use the current adjustment as a buying opportunity for APR.

In the third quarter of this year, APR posted consolidated sales of 385.9 billion won and operating profit of 96.1 billion won. These figures represent increases of 121.6% and 252.8%, respectively, compared to the previous year.

Heo Jena, a researcher at DB Securities, explained, "APR delivered results in line with market expectations in the third quarter, and overseas sales reached an all-time high." She added, "Sales in the United States increased by 280% year-on-year, while sales in other regions grew by 260%. Despite an increase in the proportion of advertising and promotional expenses compared to the previous quarter due to expanded promotions, the operating margin exceeded expectations."

She forecasted, "As we enter the peak season in the fourth quarter of this year, U.S. sales are expected to exceed 180 billion won. With the largest annual consumer events concentrated in countries such as Japan and Korea, APR will likely achieve record quarterly results."

Researcher Heo also noted, "We expect further growth in sales from Ulta Beauty stores in the United States, as APR has been stocked in all 1,400 locations since August this year." She continued, "Europe also has significant growth potential, and starting at the end of this year, the company plans to expand both the number of countries and sales channels simultaneously."

This content was produced with the assistance of AI translation services.