Arezzo&Co announces 3Q18 Results

São Paulo, October 31, 2018 – AREZZO&CO (ARZZ3), Brazil’s women’s footwear, handbags and accessories industry leader announces its 3Q18 results.

Highlights

  • Net revenue in 3Q18 reached R$ 410.4 million, a 10.7% increase against 3Q17;
  • Same-Store-Sales growth of 1.6% in the quarter;
  • In 3Q18, Gross Profit totaled R$ 190.3 million (gross margin of 46.5%), a 12.3% increase against 3Q17;
  • EBITDA for 3Q18 totaled R$ 70.7 million with a net margin of 17.2% and a 8.1% increase against 3Q17;
  • Arezzo&Co recorded a 870bps increase in ROIC, reaching a level of 32.6%;
  • Arezzo&Co opened 13 net stores and closed 3Q18 with a growth of 8.0% in store area in the last twelve months;
  • In 3Q18, Net Income totaled R$ 40.2 million (net margin of 9.8%) 6.6% increase against 3Q17.

Click here to see the Earnings Release.