Grendene S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 08, 2024
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Grendene S.A. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was BRL 568.34 million compared to BRL 552.96 million a year ago. Revenue was BRL 539.36 million compared to BRL 520.11 million a year ago.
Net income was BRL 139.69 million compared to BRL 123.12 million a year ago. Basic earnings per share from continuing operations was BRL 0.1549 compared to BRL 0.1365 a year ago. Diluted earnings per share from continuing operations was BRL 0.1549 compared to BRL 0.1363 a year ago.
Grendene SA is a Brazil-based company mainly engaged in the production and sale of synthetic footwear for domestic and foreign markets. The Company's activities are divided into two business segments: Footwear and Furniture. The Footwear division develops, manufactures, distributes and sells shoes for various uses and for all social classes, in the male, female, child and mass market segments. Its brand names portfolio includes Rider, Ipanema, Zaxi, Grendha, Grendene Kids and Melissa, among others. The Furniture division focuses on the sale, import and export of furniture and supplements made from plastic. The Company sells its products through commercial representatives, distributors and direct export. It operates a number of manufacturing plants in Brazil. It controls Grendene Argentina SA, MHL Calcados Ltda and Grendene USA Inc, among others.
GRENDENE S.A. 
