BGF retail, convenience stores this year, profitability continued -SK Securities

[Korea goyounghun financial newspaper reporter] SK Securities convenience store profitability improvement for BGF Retail 22 days, saying last year to invest comment Buy and a target price remains 14 million.

Due to the aggressive store openings in the first quarter of BGF Retail sales are forecast to increase 16.5% 1.2728 trillion won, and operating profit increased 36.4% compared to the same period last year to 37.8 billion won.

SK Securities sonyungyeong researchers, "though, and after the first quarter, even a convenience store openings in the last quarter despite seasonality are not significant slowdown" and "estimated to rise to 350 shops only'm planning for the year 1100 store openings, the first quarter is, "he said diagnosis.

Hand Researchers "This became to obtain an image as a channel for selling food lunch with representatives of various customers who are looking for convenience stores are, to launch a variety of new products such as coffee beans based on this revenue has continued to grow," said, "This year sales growth He explained that growth will be higher than the opening. "

In 2017, sales of the stores had increased sharply in 2016 to stabilize the opinion is found to improve the average revenue per store, and general merchandise tobacco Underweight Overweight profitability improvement will continue.

He said, "In particular, such products although the profitability of PB products is more like, the sales of PB products is growing rapidly," said "2016 PB Product ratio was improved by 3 percentage points compared to the previous year with 27% of general merchandise," analyzed did.



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