C&A Modas S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023
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C&A Modas S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was BRL 1,542.68 million compared to BRL 1,407.54 million a year ago. Net loss was BRL 44.23 million compared to BRL 61.4 million a year ago. Basic loss per share from continuing operations was BRL 0.1441 compared to BRL 0.2 a year ago. Diluted loss per share from continuing operations was BRL 0.1441 compared to BRL 0.2 a year ago.
For the nine months, revenue was BRL 4,426.21 million compared to BRL 4,234.8 million a year ago. Net loss was BRL 166.36 million compared to BRL 212.02 million 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.