Arrezo&Co announces 2Q17 Results

Arezzo&Co recorded a 11.2% increase in net revenue, a 22.8% increase in EBITDA and a 30.0% increase in net income against 2Q16.

São Paulo, August 02nd, 2017 – AREZZO&CO (ARZZ3), Brazil’s women’s footwear, handbags and accessories industry leader announces its 2Q17 results. 

Highlights

  • Net revenue in 2Q17 reached R$328.9 million, a 11.2% increase against 2Q16;
  • In 2Q17, the Company’s gross profit totaled R$154.3 million, with a gross margin of 46.9%, and a 16.8% increase against 2Q16 (growth of 220bps);
  • EBITDA for 2Q17 totaled R$50.3 million, with a margin of 15.3% and a 22.8% increase against 2Q16 (growth of 140bps);
  • In 2Q17, net income was R$39.3 million, with a 11.9% margin and growth of 30.0% (growth of 170bps);
  • During the quarter, Arezzo&Co’s opened five stores, with growth of 3.3% in the sales area over the last 12 months.

Click here to see the Earnings Release.