Guararapes Confecções S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 08, 2022
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Guararapes Confecções 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 3.48 million compared to BRL 207.32 million a year ago. Basic earnings per share from continuing operations was BRL 0.00697 compared to BRL 0.4153 a year ago.
For the nine months, net loss was BRL 50.28 million compared to net income of BRL 148.51 million a year ago. Basic loss per share from continuing operations was BRL 0.10072 compared to basic earnings per share from continuing operations of BRL 0.29749 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. 
