Guararapes Confecções S.A. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 12, 2021 at 07:17 pm EDT
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Guararapes Confecções S.A. Announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was BRL 1,243.372 million compared to BRL 1,624.763 million a year ago. Net loss was BRL 104.917 million compared to BRL 47.517 million a year ago. Basic loss per share from continuing operations was BRL 0.21 compared to BRL 0.1 a year ago.
Guararapes Confeccoes SA is a Brazil-based company primarily engaged in the fashion industry. The Company is involved in the manufacture, wholesale, retail and export of clothing and fabrics, as well as in the import and wholesale of footwear, bath and table linens, perfumes and cosmetics, among others. The Company's activities are divided into three business segments: Retail, which focuses on selling apparel and other goods through stores network under the Lojas Riachuelo brand name; Finance, which offers consumer loans granted through credit cards, and Other, which includes commercial real estate rental and management, as well as road trucking, among others. The Company operates through a number of subsidiaries, such as Lojas Riachuelo SA, Midway Shopping Center Ltda, Midway SA - Credito Financiamento e Investimento and Transportadora Casa Verde Ltda.
GUARARAPES CONFECÇÕES S.A. 
