Arezzo&Co Announces 2Q19 Results

São Paulo, August 06th, 2019 – Arezzo&Co (ARZZ3), Brazil’s women’s footwear, handbags and accessories industry leader announces its 2Q19 results.

Click here, to access the Earnings Release.

Highlights*

• Same-Store-Sales sell-out growth of 4.1% in the quarter;
• Net revenue in 2Q19 reached R$ 393.5 million, a 5.3% increase against 2Q18;
• Gross Profit totaled R$ 184.3 million (gross margin of 46.8%), a 3.1% increase against 2Q18;
• EBITDA totaled R$ 58.8 million (EBITDA margin of 14.9%), a 4.0% increase against 2Q18;
• Net Income totaled R$ 42.4 million (net margin of 10.8%), a 27,9% increase against 2Q18;
• Arezzo&Co opened 6 stores (net) in the quarter and ended 2Q19 with 5.4% in store area growth LTM.

* Results excluding the adoption of IFRS 16 / CPC 06 (R2)