Lojas Renner Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2017
April 24, 2017
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Lojas Renner announced consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net operating revenues of BRL 1,415,324,000 compared to BRL 1,247,369,000 a year ago. Operating profit before financial results was BRL 104,036,000 compared to BRL 105,543,000 a year ago. Profit Before Income & Soc. Cont. taxes was BRL 79,102,000 compared to BRL 81,463,000 a year ago. Profit for the period was BRL 66,976,000 or BRL 0.1031 per diluted share compared to BRL 65,515,000 or BRL 0.1018 per diluted share a year ago. Net cash used in operating activities was BRL 104,365,000 compared to net cash from operating activities of BRL 104,168,000 a year ago. Purchases of property, plant and equipment assets were BRL 50,995,000 compared to BRL 66,848,000 a year ago. Additions to intangible assets were BRL 15,496,000 compared to BRL 20,719,000 a year ago. As at March 31, 2017, company’s net debt was BRL 1,104.1 million compared to BRL 1,144.9 million as of March 31, 2016. Total adjusted EBITDA reached BRL 190.4 million compared with BRL 185.8 million in 2016.
Lojas Renner S.A. specializes in the retail distribution of clothes and accessories for men, women and children. Gross sales break down by activity as follows:
- sale of products (90.4%): clothes, lingerie, shoes, bags, accessories, perfumes, cosmetic products, etc.;
- financial products (9.6%).
At the end of 2021, the marketing of the products is ensured through a network of 636 stores under the Renner (404), Camicado (119), Youcom (104) and Ashua (9) names in Brazil, and through Internet.