GS Retail's second-quarter operating profit exceeded 100 billion won, driven by improved profitability at individual GS25 convenience stores.
GS Retail reported preliminary second-quarter operating profit of 109.4 billion won on a consolidated basis, up 27.5% from a year earlier, the company said in a regulatory filing on the 7th. Revenue rose 6.7% year-on-year to 3.1751 trillion won. Net profit for the same period jumped 354.5% year-on-year to 64.6 billion won.
The convenience store segment showed notable growth. Second-quarter revenue in the segment rose 7.1% to 2.3844 trillion won, while operating profit increased 21% to 71.4 billion won. The company attributed the improvement to strategies focused on strengthening individual store profitability, overhauling existing stores, and improving operational efficiency.
Stores with enhanced fresh food offerings also boosted overall convenience store results by lifting both customer traffic and average spending per customer. "We secured a differentiated competitive advantage by expanding fresh-food-focused stores, increasing store sizes, and relocating to prime locations," a GS Retail official said. "Strengthening our fresh food capabilities also contributed to higher sales of agricultural, livestock, and fishery products across all franchise stores."
An increase in foreign customers and growth in differentiated product lines also supported the earnings improvement. Second-quarter foreign customer sales, based on foreign payment methods, rose 67.2% year-on-year. Intellectual property (IP) collaboration products such as the "Monchhichi" and "Tzuyang series" showed strong growth, and as the "Hyeja series" expanded into bakery items, general bread sales also grew 20%.
The supermarket business achieved both external growth and improved profitability. Second-quarter revenue rose 10.1% year-on-year to 469.8 billion won, while operating profit increased 72.2% to 9.3 billion won. The number of stores reached 596 as of the second quarter, up 36 from a year earlier, cementing its position as the top player in the supermarket industry.
In home shopping, the number of exclusive products expanded 46% from a year earlier, centered on fashion, beauty, and living product lines. As a result, second-quarter operating profit rose 6% to 26.7 billion won, and revenue increased 0.9% to 268.2 billion won. This marks three consecutive quarters of earnings improvement since the fourth quarter of 2025.
