Arezzo&Co announces 2Q18 Results

São Paulo, August 1, 2018 – AREZZO&CO (ARZZ3), Brazil’s women’s footwear, handbags and accessories industry leader announces its 2Q18 results.

Highlights

  • Net revenue in 2Q18 reached R$ 373.9 million, a 13.7% increase against 2Q17;
  • Same-Store-Sales growth of 3.9% in the quarter;
  • In 2Q18, Gross Profit totaled R$ 178.8 million (gross margin of 47.8%), a 15.8% increase against 2Q17;
  • EBITDA for 2Q18 totaled R$ 56.6 million with a net margin of 15.1% and a 12.4% increase against 2Q17;
  • Arezzo&Co recorded a 750bps increase in ROIC, reaching a level of 31.2%;
  • Arezzo&Co opened 11 stores and closed 2Q18 with a growth of 8.0% in store area in the last twelve months;
  • Excluding the non-cash effect from exchange rate variation, net income would have reached R$ 46.9 million, 19.4% higher than in 2Q17.

Click here to see the Earnings Release.