GS Retail Posts 27.5% Surge in Q2 Operating Profit...Triple Growth in Convenience Stores, Supermarkets, and Home Shopping

Operating Profit Surges to KRW 109.4 Billion in a "Quantum Leap"

Profitability Improved Across Convenience Stores and Supermarkets

Fresh Food at GS25, Quick Commerce at GS The Fresh, and Exclusive Products at GS Shop Drive Earnings Growth

GS Retail achieved double-digit operating profit growth in the second quarter of this year, driven by improved profitability in its core businesses such as convenience stores, supermarkets, and home shopping. Notably, quarterly operating profit, which for years remained in the 80 to 90 billion won range, approached 110 billion won, indicating that its strategy of strengthening competitiveness in its main business areas has been effective.

According to GS Retail on August 7, 2026, consolidated revenue for the second quarter reached 3.1751 trillion won, up 6.7% year-on-year. Operating profit increased by 27.5% to 109.4 billion won.

Its flagship businesses—convenience stores and supermarkets—led this performance improvement.

GS25, the convenience store chain, recorded daily sales per existing store that rose by 7.5% from the same period last year, leading to total sales of 2.3844 trillion won and an operating profit of 71.4 billion won. These figures represent increases of 7.1% and 21% year-on-year, respectively. The company’s strategies to strengthen fresh food offerings and implement “scrap-and-build” initiatives (larger store formats and relocation to premium sites) have been credited with improving existing store competitiveness.

Demand for fresh food also saw a significant rise. In the second quarter, sales of vegetables grew by 64%, meat by 61%, fruit by 28%, and seafood by 13%. The number of stores specializing in fresh offerings expanded to 1,000, and sales of grocery items increased by 49.6%.

The increase in foreign customers also contributed to the earnings. Sales to foreign customers rose by 67.2%, while the expansion of character collaboration products, the “Hyejaroun” series, and health supplement sales also supported growth.

GS The Fresh achieved sales of 469.8 billion won (up 10.1%) and operating profit of 9.3 billion won (up 72.2%) on the back of new store openings and increased customer visits to existing stores. The number of stores rose to 596, and quick commerce sales increased by 49.5%, accounting for a record-high 9.9% of total sales.

GS Shop continued its trend of improved results for the third consecutive quarter. In the second quarter, revenue grew 0.9% to 268.2 billion won, and operating profit increased by 6.0% to 26.7 billion won. The company expanded exclusive items in the fashion, beauty, and living sectors by 46% compared to the previous year and strengthened its private brand offerings, both of which are cited as key factors in the improved performance.

GS Retail plans to continue focusing on enhancing the competitiveness of its core businesses, including convenience stores, supermarkets, and home shopping, with the aim of driving profit-centered growth.

A GS Retail official said, “We have led the local grocery market by improving existing store competitiveness and innovating in fresh food, while also achieving strong results through advanced O4O strategies such as quick commerce. We will continue to reinforce our main business competitiveness from a customer-first perspective, aiming for stable mid- to long-term growth.”

This content was produced with the assistance of AI translation services.