Casas Bahia CEO Sees Potential to Turn a Profit Again This Year [BNN Bloomberg (Canada)]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: BNN Bloomberg
“When we put together the restructuring plan, the idea was to have a profitable company from 2025. But there is a chance to bring that forward,” Chief Executive Officer Renato Franklin said in an interview Wednesday. “With good expectations for the second quarter, we can say results expected for the end of the year could be anticipated.” Casas Bahia, one of Brazil's most popular retail chains, posted a net loss of 261 million reais ($51 million) in the first quarter this year. That's narrower than the 375 million-real loss expected in a Bloomberg survey and an improvement on the 297 million-real loss in same period a year earlier. Shares in the company were up as much as 4.5% in Sao Paulo on Thursday morning. The company filed an out-of-court deal with its main creditors in late April to reschedule the payment of 4.1 billion reais in debt. The plan includes a 24-month grace period for interest payments and 30 months for the payment of the company's main debt. “This increases ou
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MELI
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- 5/2/24 - Beat
MELI
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/25/24 - Form DEFA14A
- MELI's page on the SEC website