Vivara Participações S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 04:51 pm EST
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Vivara Participações S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was BRL 496.68 million compared to BRL 422.92 million a year ago. Revenue was BRL 392.88 million compared to BRL 337.22 million a year ago. Net income was BRL 68.13 million compared to BRL 86.26 million a year ago.
For the nine months, sales was BRL 1,514.72 million compared to BRL 1,152.09 million a year ago. Revenue was BRL 1,199.69 million compared to BRL 916.94 million a year ago. Net income was BRL 203.1 million compared to BRL 171.36 million 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.