Lojas Renner S.A. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2018
May 02, 2018
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Lojas Renner S.A. announced consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net operating revenues were BRL 1,628,285,000 against BRL 1,415,324,000 a year ago. Net revenues from sales of goods were BRL 1,398,819,000 against BRL 1,234,684,000 a year ago. Operating profit before financial results was BRL 170,055,000 against BRL 104,036,000 a year ago. Profit before income & soc. cont. taxes was BRL 156,174,000 against BRL 79,102,000 a year ago. Profit for the period was BRL 111,442,000 against BRL 66,976,000 a year ago. Earnings per share diluted were BRL 0.1545 against BRL 0.0946 a year ago. Net cash used in operating activities was BRL 179,456,000 against BRL 104,365,000 a year ago. Purchases of fixed assets were BRL 69,150,000 against purchases of fixed assets of BRL 50,995,000 a year ago. Purchases of intangible assets were BRL 24,954,000 against BRL 15,496,000 a year ago. Total EBITDA was BRL 243.9 million against BRL 183.2 million a year ago. Total adjusted EBITDA was BRL 249.5 million against BRL 190.4 million a year ago. Capex was BRL 94.1 million against BRL 66.5 million a year ago.
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.