Marisa announces results for the third quarter of 2016 (3Q16)
São Paulo, October 27, 2016- Marisa Lojas S.A.(BM&FBovespa: AMAR3; Bloomberg: AMAR3 BZ), announces today the results for the third quarter of 2016 (3Q16).
To access the Earnings Release, click here.
To access the Fundamentals and Spreadsheets tool, click here.Highlights:
- Retail Net Revenue went down 19.2% and 18.5% in SSS - 14% ex-sale;
- Gross Margin rose 3.6 pp, reaching 48.4%;
- Retail SG&A went up 7.6% nominal, or +1.3% ex-payroll tax;
- Cash from Operations of R$ 86.0 million, over the R$ 55.0 million in 9M15;
- Continuous improvements in Inventories level with new reduction of 15.8%;
- Financial Products and Services (FPS) with solid results and superior performance portfolios;
- Marisa Card counted for 45.5% of sales, up 4.4 pp over 3Q15.
Conference call in Portuguese with simultaneous translation into English
October 28, 2016
11:00 a.m. (US ET) | 01:00 p.m. (Brasília)Access phone out of Brazil: +1 (646) 843-6054
Code: Marisa
Replay phone in Brazil: +55 (11) 2188-0400
Code: Marisa
For live webcast, click here.
Participants are requested to connect 15 minutes prior to the time set for the conference call.
Slides e Webcast
A slide presentation will be available on our website www.marisa.com.br/ir. The conference call will be live broadcast over the internet on the same website, remaining available after the event.
Replay
The audio will be available 1 hour after the conference call, during the period of 7 days.
In order to access the replay, dial the phone number mentioned above.
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Marisa Lojas SA published this content on 27 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 October 2016 21:16:01 UTC.
Original documenthttp://www.mzweb.com.br/marisa/web/conteudo_en.asp?idioma=1&tipo=12234&conta=44&id=233857
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