Lojas Renner S.A. Reports Consolidates Earnings Results for the Third Quarter and Nine Months Ending 2018
October 24, 2018
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Lojas Renner S.A. reported consolidates earnings results for the third quarter and nine months ending 2018. For the third quarter, the company reported net operating revenue of BRL 1,943,288,000 compared to BRL 1,746,377,000 a year ago. Operating profit before financial results was BRL 205,928,000 compared to BRL 258,488,000 a year ago. Profit before income & social contribution taxes was BRL 241,026,000 compared to BRL 184,623,000 a year ago. Profit for the period was BRL 194,211,000 or BRL 0.2692 per diluted share compared to BRL 140,319,000 or BRL 0.1950 per diluted share a year ago. Net cash used in operating activities was BRL 149,349,000 compared to BRL 10,661,000 a year ago. Purchases of fixed assets was BRL 125,870,000 compared to BRL 117,211,000 a year ago. Purchases of intangible assets was BRL 32,441,000 compared to BRL 17,721,000 a year ago. Total adjusted EBITDA was BRL 347.0 million compared to BRL 299.2 million a year ago.
For the period, the company reported net operating revenue of BRL 5,591,670,000 compared to BRL 4,992,833,000 a year ago. Operating profit before financial results was BRL 780,517,000 compared to BRL 604,672,000 a year ago. Profit before income & social contribution taxes was BRL 735,856,000 compared to BRL 535,990,000 a year ago. Profit for the period was BRL 580,362,000 or BRL 0.8053 per diluted share compared to BRL 400,878,000 or BRL 0.5817 per diluted share a year ago. Net cash used in operating activities was BRL 243,659,000 compared to BRL 299,407,000 a year ago. Purchases of fixed assets was BRL 288,312,000 compared to BRL 260,897,000 a year ago. Purchases of intangible assets was BRL 98,289,000 compared to BRL 59,105,000 a year ago. Net debt was BRL 799.4 million compared to BRL 842.1 million a year ago. Total adjusted EBITDA was BRL 1,030.7 million compared to BRL 872.4 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.