Shinsegae (004170 KS/Buy)A Compelling Entry Point
We expect Shinsegae to report above-consensus 1Q26 results, with net revenue of W1.8tr (+8% YoY) and operating profit of W167.3bn (+26% YoY).
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Shinsegae (004170 KS/Buy)Inbound Tourism to Serve as Key Share Price Catalyst
Strong revenue growth at department stores was the main driver of profit growth, while the duty-free business delivered an unexpected return to...
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Shinsegae (004170) Still the Most Attractive Retail Play Even After Recent Rally
For 4Q25, we expect Shinsegae to report above-consensus results, with net revenue of W1.94tr (+6% YoY) and operating profit of W173.6bn (+68% YoY).
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[2026 Outlook] Retail/ApparelSlowing Outbound Travel and Rising Inbound Tourism
Outbound travel from Korea, which recovered to pre-pandemic levels in 2024, has stabilized at a single-digit growth rate in 2025. As a result,...
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Shinsegae (004170 KS/Buy)Renovations Finally Wrapping Up
For 3Q25, we expect Shinsegae to post net revenue of W1.68tr (+9% YoY) and operating profit of W100.1bn (+8% YoY), falling short of the consensus...
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