AREZZO&CO ANNOUNCES 3Q16 RESULTS

Arezzo&Co (BM&FBOVESPA: ARZZ3), Brazil´s women´s footwear, handbags and accessories industry leader, is reporting its earnings for the 3rd quarter of 2016.

Highlights:

  • Net revenue for 2Q16 was R$346.9 million, up by 10.1% against 3Q15;
  • In 3Q16, the Company’s gross profit stood at R$152.2 million, with a gross margin of 43.9% and growth of 14.4% over 3Q15;
  • EBITDA for 3Q16 totaled R$55.9 million with a 12.5% growth and a margin of 16.1%;
  • Net income for the quarter was R$35.4 million, with a margin of 10.2%;
  • Arezzo&Co ended 3Q16 with a growth of 6.4% in same-store-sales, including owned stores, franchises and web-commerce channels.
Click aqui to acess the Earnings Release.