Brazil's Magazine Luiza posts net profit in line with expectations [Reuters]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: Reuters
Brazil's Magazine Luiza posts net profit in line with expectations - Reuters 2 Min Read SAO PAULO (Reuters) - Brazilian electronics and appliance retailer Magazine Luiza SA reported a quarterly net profit in line with market expectations, helped by a 28 percent increase in total sales largely driven by e-commerce. In a securities filing late on Monday, the company posted first-quarter net income of 132.1 million reais ($33.29 million), down 10.4 percent from a year ago. Excluding the impact of adopting international accounting standards known as IFRS, the retailer’s net profit totaled 138.6 million reais ($34.93 million). Analysts on average expected 134.55 million reais ($33.91 million), according to Refinitiv data. Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 31.6 percent year-on-year to 396.4 million reais. Total sales, including brick-and-mortar stores, traditional e-commerce and third-party vendors rose 5.718 billion reais from 4.466 billion re
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MELI
Earnings
- 2/22/24 - Miss
MELI
Sec Filings
- 4/23/24 - Form 8-K
- 2/23/24 - Form 10-K
- 2/22/24 - Form 8-K
- MELI's page on the SEC website