C&A Modas S.A. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 04:50 pm EST
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C&A Modas S.A. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was BRL 1,067.151 million compared to BRL 1,241.888 million a year ago. Operating loss was BRL 39.202 million compared to operating Income of BRL 57.881 million a year ago. Net loss was BRL 28.208 million compared to net income of BRL 19.108 million a year ago. Basic loss per share was BRL 0.0915 compared to basic earnings per share of BRL 0.0738 a year ago. For the nine months, sales was BRL 2,338.493 million compared to BRL 3,542.731 million a year ago. Operating loss was BRL 333.605 million compared to operating Income of BRL 740.854 million a year ago. Net loss was BRL 275.654 million compared to net income of BRL 796.312 million a year ago. Basic loss per share was BRL 0.8943 compared to basic earnings per share of BRL 3.0754 a year ago. Diluted loss per share was BRL 0.8936 compared to diluted earnings per share of BRL 3.0754 a year ago.
C&A Modas SA, formerly know as C&A Modas Ltda, is a Brazil-based fashion company, which manages a retail chain of shops and a Web portal. The Company sells a variety of products, such as apparel, accessories and footwear for men, women and children; cosmetics for both man and woman; electronic devices, including smartphones, notebooks, tablets and related accessories, among others. Its offering includes also products from different brands that customer can buy also through a mobile application.