Lojas Renner S.A. Reports Parent Earnings Results for the Year Ended December 31, 2016
February 08, 2017
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Lojas Renner S.A. reported parent earnings results for the year ended December 31, 2016. For the year, parent company basis reported net operating revenue was BRL 5,740,127,000 against BRL 5,579,873,000 a year ago. Operating profit before financial results was BRL 949,215,000 against BRL 911,982,000 a year ago. Profit before income tax and social contribution was BRL 845,575,000 against BRL 806,413,000 a year ago. Profit for the year was BRL 625,058,000 or BRL 0.9661 per diluted share against BRL 578,838,000 or BRL 0.9038 per diluted share a year ago. Net cash provided by operating activities was BRL 926,169,000 against BRL 773,485,000 a year ago. Purchases of property, plant and equipment assets were BRL 285,819,000 against BRL 411,118,000 a year ago. Additions to intangible assets were BRL 121,388,000 against BRL 120,228,000 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.