APR Shares Surge Nearly 100% Ahead of U.S. Costco Launch

Shares of South Korean beauty company APR have surged nearly 100% this year as it prepares to launch its Medicube brand in Costco stores across the U.S. in September. APR's market capitalization is about 17.3 trillion won ($12.5 billion), which is nearly double that of Amorepacific. The company's second-quarter revenue jumped 134.2% year-over-year to 767.5 billion won, while operating profit rose 134.5% to 190.6 billion won. For investors, APR's significant growth in the U.S. market and revised full-year revenue forecast of 3 trillion won highlight its potential for further gains.