APR Posts Record Q2 Revenue Forecast, Up 126.7% YoY on Amazon Prime Day Surge

APR-0.81%
AMZN-1.02%
According to South Korean broker consensus compiled in late June, beauty company APR is forecast to deliver record quarterly revenue and operating profit in the second quarter, driven by strong Amazon Prime Day sales performance. Aggregate consensus from 15 brokerages projects Q2 revenue of 742.9 billion Korean won, up 126.7% year-over-year, with operating profit reaching 180.9 billion won, a 113.9% increase. U.S. market revenue alone is estimated at 338-341 billion won, representing 251.5% to 255.5% growth and accounting for 50.5% of total sales, as the company's Medicube skincare brand gained traction during the Amazon event.
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