Grendene S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023
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Grendene S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was BRL 134.28 million compared to BRL 174.24 million a year ago. Basic earnings per share from continuing operations was BRL 0.1488 compared to BRL 0.1932 a year ago. Diluted earnings per share from continuing operations was BRL 0.1488 compared to BRL 0.1931 a year ago.
For the nine months, net income was BRL 314.64 million compared to BRL 365.42 million a year ago. Basic earnings per share from continuing operations was BRL 0.3488 compared to BRL 0.4051 a year ago. Diluted earnings per share from continuing operations was BRL 0.3488 compared to BRL 0.4049 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. 
