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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  Magazine Luiza S.A.    MGLU3   BRMGLUACNOR2

MAGAZINE LUIZA S.A.

(MGLU3)
  Report
End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 10/28
24.63 BRL   -3.22%
10/14MAGAZINE LUIZA S.A. : SPLIT: 4 of 1
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10/07MAGAZINE LUIZA S A : Brazil store chain's bid to recruit Black trainees sparks bias charge
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Brazil's Magazine Luiza eyes wide range of potential acquisitions

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08/18/2020 | 05:23pm EDT

SAO PAULO, Aug 18 (Reuters) - Brazilian retailer Magazine Luiza SA is open to "all kinds" of acquisitions including supermarkets, its chief executive said on Tuesday, pointing to a sector that has seen robust growth during quarantine measures.

But Frederico Trajano cautioned that the company's interests went beyond "product categories," citing the acquisition strategy of larger rival Amazon.com whose targets have ranged from robotics to supermarkets.

"The spectrum (of acquisition targets) is very wide when you have a vision as comprehensive as ours. It's not just any piece that fits the puzzle, but we can buy all kinds of companies," Trajano said on an analyst call. "Don't be surprised."

Magazine Luiza on Monday reported second quarter sales surged 49% to 8.6 billion reais ($1.6 billion), helped by its strong e-commerce footprint more than its brick and mortar stores.

Magazine Luiza's shares shot up nearly 10% on Tuesday, on for their biggest rise in over three months and the biggest gainer on the Bovespa index.

Analysts at BB Investimentos noted that in July alone sales in physical stores rose 10% and online sales soared 162%, "signaling that consumer behavior changes observed in the second quarter will be permanent and should favor companies well positioned for online growth, like Magazine Luiza."

At the onset of the COVID-19 pandemic, physical store sales accounted for about 55% of total sales, BB Investimentos noted. (Reporting by Alberto Alerigi Jr Writing by Jamie McGeever Editing by Marguerita Choy)


Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. 1.15% 3193.6 Delayed Quote.73.13%
IBOVESPA -0.45% 97483.31 Delayed Quote.-15.70%
MAGAZINE LUIZA S.A. -3.22% 24.63 End-of-day quote.106.54%
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Financials
Sales 2020 27 107 M 4 695 M 4 695 M
Net income 2020 300 M 52,0 M 52,0 M
Net cash 2020 1 345 M 233 M 233 M
P/E ratio 2020 515x
Yield 2020 0,06%
Capitalization 160 B 27 850 M 27 657 M
EV / Sales 2020 5,84x
EV / Sales 2021 4,80x
Nbr of Employees 30 000
Free-Float 41,4%
Chart MAGAZINE LUIZA S.A.
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Magazine Luiza S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends MAGAZINE LUIZA S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 26,20 BRL
Last Close Price 24,63 BRL
Spread / Highest target 127%
Spread / Average Target 6,37%
Spread / Lowest Target -25,4%
EPS Revisions
Managers
NameTitle
Frederico Trajano Inácio Rodrigues Chief Executive Officer
Luiza Helena Trajano Inácio Rodrigues Chairman
Fabrício Bittar Garcia Vice President-Operations & Commercial
Roberto Bellissimo Rodrigues Chief Financial Officer & IR Officer
André Fatala Chief Technology Officer
Sector and Competitors