Grendene S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 26, 2022
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Grendene S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net income was BRL 174.24 million compared to BRL 208.06 million a year ago. Basic earnings per share from continuing operations was BRL 0.1932 compared to BRL 0.2307 a year ago. Diluted earnings per share from continuing operations was BRL 0.1931 compared to BRL 0.2306 a year ago.
For the nine months, net income was BRL 365.42 million compared to BRL 370.4 million a year ago. Basic earnings per share from continuing operations was BRL 0.4051 compared to BRL 0.4107 a year ago. Diluted earnings per share from continuing operations was BRL 0.4049 compared to BRL 0.4106 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. 
