Vivara Participações S.A. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 09, 2022 at 07:09 am EDT
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Vivara Participações S.A. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was BRL 337.42 million compared to BRL 217.73 million a year ago. Net income was BRL 45.92 million compared to BRL 3.91 million a year ago. Basic earnings per share from continuing operations was BRL 0.19442 compared to BRL 0.01657 a year ago. Diluted earnings per share from continuing operations was BRL 0.19437 compared to BRL 0.01657 a year ago.
Vivara Participacoes SA is a Brazil-based holding company that operates in several states in Brazil, through numerous subsidiaries. However, the Company's operations are primarily centralized in the state of Sao Paulo. The Company has developed a portfolio of brands, including Vivara, Life by Vivara, Vivara Watches, Vivara Fragrances, and Vivara Accessories. These brands focus on products such as gold jewelry, silver jewelry, watches, and accessories. The Company has a vertically integrated business model, from creation and design to production, marketing strategy, distribution (omni-channel) and marketing. The Company has one operational segment called retail, consisting of products sales through its physical stores and online platforms.