GS Retail is forecast to achieve a 21% year-over-year increase in operating profit for Q2 2026, according to a survey of 11 major domestic securities firms conducted by Yonhap Infomax on May 27. The profitability improvement stems from structural adjustments that closed underperforming stores while existing locations demonstrated continued growth. Analysts project the South Korean retailer will report consolidated revenue of 3.1264 trillion won and operating profit of 101.8 billion won for the quarter, representing year-over-year growth of 4.89% and 20.49% respectively.
Analysts Project 3.1 Trillion Won Revenue for Q2 2026
Yonhap Infomax compiled earnings estimates from 11 securities firms that published forecasts within the past month. The consensus figures show GS Retail generating consolidated revenue of 3.1264 trillion won and operating profit of 101.8 billion won in Q2 2026. As of Q1 2026, GS Retail's business segments comprised convenience stores (73.1% of revenue), supermarkets (15.9%), home shopping (9.2%), and other operations (1.8%).
Convenience Store Same-Store Sales Growth Reaches 6%
Convenience store same-store sales are expected to increase approximately 6% in Q2 2026. Securities analysts attributed the growth to favorable domestic consumer spending conditions and the closure of underperforming locations, which expanded the proportion of high-profit stores in the portfolio. The rate of depreciation expense increases slowed in Q2 2026 following a similar trend in Q1 2026, contributing to larger operating profit gains. In May, government high oil price relief payments provided additional support, with authorities distributing 100,000 to 600,000 won per person to 70% of the population to offset burdens from high oil prices, high exchange rates, and high inflation.
Jang Min-ji, researcher at Kyobo Securities, stated that convenience store same-store growth exceeded 5%, showing higher momentum than Q1 2026. Jang noted that early summer heat drove solid beverage category sales and fresh food sales also performed well.
Supermarket and Home Shopping Segments Support Profit Gains
Supermarket same-store sales growth is estimated at approximately 5% for Q2 2026. Analysts identified the closure of Homeplus stores as creating spillover benefits for GS Retail's supermarket operations. The home shopping segment maintained its product mix strategy focused on high-margin items, continuing the profitability improvement trajectory.
Park Sang-jun, researcher at Kiwoom Securities, stated that supermarkets increased operating profit through same-store growth driven by favorable domestic consumer spending and revenue gains from new store openings. Park added that home shopping increased revenue and operating profit by expanding sales of high-profitability product categories such as fashion and other physical goods.
GS Retail Stock Closes at 25,750 Won
GS Retail shares closed at 25,750 won on May 24, up 1.18% from the previous session.
FAQ
What is GS Retail's Q2 2026 operating profit forecast?
Analysts surveyed by Yonhap Infomax on May 27 forecast GS Retail will report operating profit of 101.8 billion won for Q2 2026, representing a 20.49% year-over-year increase.
Why did GS Retail's convenience store sales grow in Q2 2026?
Convenience store same-store sales increased approximately 6% due to favorable domestic consumer spending, closure of underperforming stores that raised the proportion of high-profit locations, and government high oil price relief payments distributed in May to 70% of the population.
