Brazil's Arezzo & Co. Sold 4.6 Million Pairs of Shoes in Q1, as Company Reports ‘Robust Growth' in the Period [Yahoo! Finance]
Nike, Inc. (NKE)
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Source: Yahoo! Finance
Allbirds Stock Jumps as New CEO Touts Transformation Plan Progress Schutz parent company Arezzo & Co. kicked off 2024 with another robust quarter as the Brazilian footwear and fashion giant continues its expansion plans. According to the São Paulo-based company, net sales in the first quarter of 2024 increased 4.6 percent to 1.07 billion reals ($210 million) from 1.03 billion reals at the same time last year. Recurring net income in the quarter was 78.7 million reals, up 7.7 percent from 73.1 million reals in Q1 2023. The company noted on Thursday that all its brands showed consistent performance in these first months of 2024. AR&Co, which includes the Grupo Reserva and Baw brands, was the highlight in Q1, with revenue of 318.9 million reals, an increase of 11 percent compared to Q1 2023. The company's Arezzo brand presented gross revenue of $377.8 million, up 8.6 percent over the same time last year. Anacapri totaled $93.9 million in revenue, up 2.9 percent, while Schutz rep
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