Guararapes Confec?es S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 10, 2021 at 05:41 pm EST
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Guararapes Confec?es S.A. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was BRL 464.21 million compared to BRL 417.12 million a year ago. Revenue was BRL 1,815.25 million compared to BRL 1,523.14 million a year ago. Net income was BRL 207.32 million compared to net loss of BRL 51.43 million a year ago. Basic earnings per share from continuing operations was BRL 0.42 compared to basic loss per share from continuing operations of BRL 0.1 a year ago.
For the nine months, sales was BRL 1,300.21 million compared to BRL 1,610.94 million a year ago. Revenue was BRL 4,731.31 million compared to BRL 4,033.78 million a year ago. Net income was BRL 148.51 million compared to net loss of BRL 395.19 million a year ago. Basic earnings per share from continuing operations was BRL 0.3 compared to basic loss per share from continuing operations of BRL 0.79 a year ago.
Guararapes Confeccoes SA is a Brazil-based company primarily engaged in the fashion industry. The Company is involved in the manufacture, wholesale, retail and export of clothing and fabrics, as well as in the import and wholesale of footwear, bath and table linens, perfumes and cosmetics, among others. The Company's activities are divided into three business segments: Retail, which focuses on selling apparel and other goods through stores network under the Lojas Riachuelo brand name; Finance, which offers consumer loans granted through credit cards, and Other, which includes commercial real estate rental and management, as well as road trucking, among others. The Company operates through a number of subsidiaries, such as Lojas Riachuelo SA, Midway Shopping Center Ltda, Midway SA - Credito Financiamento e Investimento and Transportadora Casa Verde Ltda.
GUARARAPES CONFECÇÕES S.A. 
