Consolidated net profit nearly tripled in the second quarter to KRW 135,749 million ($121.1 mm) from KRW 45,520 million last year on 63% higher revenues for the group of KRW 1,019,354 million ($909.0 mm) up from KRW 625,011 million. Profits and revenues were up 48% and 6%, respectively, compared to 2019. Gross margin contracted by 100 basis points to 51.3%. Excluding the big top line contribution from its Acushnet subsidiary, revenues were up 24% year-over-year to KRW 318,843 million, and the golf company also accounted for the bulk of profits. Total store count was 490 at the end of Q2, ... Log in to view full article.