Grendene S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023
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Grendene S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was BRL 57.25 million compared to BRL 65.71 million a year ago. Basic earnings per share from continuing operations was BRL 0.0635 compared to BRL 0.0728 a year ago. Diluted earnings per share from continuing operations was BRL 0.0637 compared to BRL 0.0728 a year ago.
For the six months, net income was BRL 180.36 million compared to BRL 191.18 million a year ago. Basic earnings per share from continuing operations was BRL 0.2 compared to BRL 0.2119 a year ago. Diluted earnings per share from continuing operations was BRL 0.2 compared to BRL 0.2118 a year ago.
Grendene SA is a Brazil-based company mainly engaged in the production and sale of synthetic footwear for domestic and foreign markets. The Company's activities are divided into two business segments: Footwear and Furniture. The Footwear division develops, manufactures, distributes and sells shoes for various uses and for all social classes, in the male, female, child and mass market segments. Its brand names portfolio includes Rider, Ipanema, Zaxi, Grendha, Grendene Kids and Melissa, among others. The Furniture division focuses on the sale, import and export of furniture and supplements made from plastic. The Company sells its products through commercial representatives, distributors and direct export. It operates a number of manufacturing plants in Brazil. It controls Grendene Argentina SA, MHL Calcados Ltda and Grendene USA Inc, among others.
GRENDENE S.A. 
