Arrezo&Co announces 4Q16 and 2016 Results

The Arezzo&Co chain posted SSS sell-out growth of 8.6%, the Company’s Net Revenue increased by 19.4% and its EBITDA, 20.6% against 4Q15.

São Paulo, March 08th, 2017 – AREZZO&CO (ARZZ3), Brazil’s women’s footwear, handbags and accessories industry leader announces its 4Q16 and 2016 results. 

Highlights

 

  • Net revenue in 4Q16 reached R$338.9 million, a 19.4% increase against 4Q15;
  • In 4Q16, the Company’s gross profit totaled R$153.2 million, with a gross margin of 45.2% and a 21.2% increase against 4Q15;
  • EBITDA for 4Q16 totaled R$53.9 million, with a margin of 15.9% and a 20.6% increase against 4Q15;
  • In 4Q16, net income was R$35.8 million, with a 10.6% margin;
  • 4Q16 recorded a total of 21 net store openings and two expansions, which when added to the other expansions in 2016 represents a 3.7% growth in terms of sales area over the last 12 months.

Click here to see the Earnings Release.