Arezzo&Co announces 1Q18 Results

São Paulo, May 9, 2018 – AREZZO&CO (ARZZ3), Brazil’s women’s footwear, handbags and accessories industry leader announces its 1Q18 results.

Highlights

  • SSS (Same-Store-Sales) Sell Out of 8.4% for the quarter;
  • Net revenue in 1Q18 reached R$330.2 million, a 11.1% increase against 1Q17;
  • In 1Q18, the gross profit totaled R$146.6 million (gross margin of 44.4%), a 12.7% increase against 1Q17;
  • EBITDA for 1Q18 totaled R$40.8 million, with a margin of 12.3% and a 13.1% increase against 1Q17;
  • In 1Q18, net income was R$27.1 million, with a 8.2% net margin and growth of 22.3% increase on 1Q17;
  • Arezzo&Co recorded a 680bps increase in ROIC, reaching the level of 30.2%;
  • Arezzo&Co opened 7 stores and closed 1Q18 with a growth of 7.4% in its store area in the last twelve months.

Click here to see the Earnings Release.