Arezzo&Co announces 3Q17 Results

Arezzo&Co recorded a 17.1% increase in EBITDA, a 6.9 % increase in net revenue and a 6.3% increase in net income against 2Q16.

São Paulo, October 31, 2017 – AREZZO&CO (ARZZ3), Brazil’s women’s footwear, handbags and accessories industry leader announces its 3Q17 results.

Highlights

  • Net revenue in 3Q17 reached R$370.8 million, a 6.9% increase against 3Q16;
  • In 3Q17, the Company’s gross profit totaled R$169.8 million,with a gross margin of 45.8%, and a 11.6% increase against 3Q16 (growth of 190 bps);
  • EBITDA for 3Q17 totaled R$65.4 million, with a margin of 17.6% and a 17.1% increase against 3Q16 (growth of 150 bps);
  • In 3Q17, net income was R$37.7 million, with a 10.2% net margin and growth of 6.3%;
  • During the quarter, Arezzo&Co’s opened nine stores, with growth of 4.2% in the sales area over the last 12 months.

Click here to see the Earnings Release.