Grendene S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 04, 2022 at 06:32 pm EDT
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Grendene S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net income was BRL 65.71 million compared to BRL 33.18 million a year ago. Basic earnings per share from continuing operations was BRL 0.0728 compared to BRL 0.0367 a year ago. Diluted earnings per share from continuing operations was BRL 0.0728.
For the six months, net income was BRL 191.18 million compared to BRL 162.34 million a year ago. Basic earnings per share from continuing operations was BRL 0.2119 compared to BRL 0.18 a year ago. Diluted earnings per share from continuing operations was BRL 0.2118 compared to BRL 0.18 a year ago.
Grendene SA is a Brazil-based company mainly engaged in the production and sale of synthetic footwear for domestic and foreign markets. The Company's activities are divided into two business segments: Footwear and Furniture. The Footwear division develops, manufactures, distributes and sells shoes for various uses and for all social classes, in the male, female, child and mass market segments. Its brand names portfolio includes Rider, Ipanema, Zaxi, Grendha, Grendene Kids and Melissa, among others. The Furniture division focuses on the sale, import and export of furniture and supplements made from plastic. The Company sells its products through commercial representatives, distributors and direct export. It operates a number of manufacturing plants in Brazil. It controls Grendene Argentina SA, MHL Calcados Ltda and Grendene USA Inc, among others.
GRENDENE S.A. 
