• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Lojas Renner reports Q3 FY20 revenue of R$ 1,651 mn

30 Dec '20
2 min read
Pic: Shutterstock
Pic: Shutterstock

Brazilian fashion retailer Lojas Renner, has reported 14.5 per cent revenue decline to R$ 1,651.2 million in its third quarter (Q3) FY20 ended in September 2020 compared to the revenue of R$ 1,931.9 million in same period prior fiscal. Company incurred a net loss of R$ 82.9 million compared to net income of R$ 186.7 million in Q3 FY19.
 
“We have reached the fourth quarter and we are on our way to normality and, at the moment, we have all the necessary our stores operating, with the growing flow, and the digital businesses evolving in a relevant way,” company reported in a press release.
 
Gross profit for the quarter slipped to R$ 788.2 million (Q3 FY19: R$ 1,049.9 million). Operating expenses for Q3 decreased to R$ 653.9 million (R$ 677.4 million). EBITDA reported a loss of R$ 38.2 million (R$ 354.8 million).
 
Company’s sales in the reported quarter were impacted by the temporarily store closure until August. 
 
Sales of Renner brand during the quarter were down 16.9 per cent to R$ 1,468.9 million (R$ 1,767.6 million). Whereas, sales of Camicado brand jumped 25.7 per cent to R$ 146.6 million (R$ 116.6 million). Sales of Youcom brand decreased 27.7 per cent to R$ 34.5 million (R$ 47.8 million).

Fibre2Fashion News Desk (JL)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search