Via Varejo S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 14, 2019 at 08:05 pm EDT
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Via Varejo S.A. Announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was BRL 6,024 million compared to BRL 6,446 million a year ago. Net loss was BRL 154 million compared to net income of BRL 14 million a year ago. For the half year, sales was BRL 12,354 million compared to BRL 13,042 million a year ago. Net loss was BRL 196 million compared to net income of BRL 78 million a year ago.
Grupo Casas Bahia SA, formerly known as Via SA is a Brazil-based company engaged in multichannel retail of consumer electronics and furniture. The Company operates in the consumer electronics, home appliance, mobile phone and furniture retail segments through Casas Bahia and Ponto Frio banners, as well as through the e-commerce platforms: pontofrio.com, casasbahia.com and extra.com.br. The Company has over 1000 stores and is present in more than 20 Brazilian states. In addition, it owns Bartira, a furniture manufacturer, that makes furniture for bedrooms, kitchens and living rooms, among other things, which are sold exclusively at Casas Bahia and Pontofrio stores. The Company provides also financial services, such as consumer finance, through credits and co-branded credit cards.
GRUPO CASAS BAHIA S.A. 
