MatsukiyoCocokara & Co.（3088.JP）Q1 FY3/25 results： OP missed the consensus forecast
UBS·2024-08-14 03:04
Global Research and Evidence Lab 13 August 2024 First Read MatsukiyoCocokara & Co. Q1 FY3/25 results: OP missed the consensus forecast Q: How did the results compare vs expectations? A: Q1 FY3/25 OP came in at ¥17.3bn (-1% yoy), missing our forecast (¥18.7bn) and the IBES consensus (¥18.8bn). We estimate that Q1 OP was roughly in line with the company's target as sales and gross profit surpassed plans while SG&A costs were heavier than expected. Q: What were the most noteworthy areas in the results? A: The ...