Magazine Luiza Full Year 2023 Earnings: Misses Expectations

Magazine Luiza (BVMF:MGLU3) Full Year 2023 Results

Key Financial Results

• Revenue: R$36.8b (down 1.4% from FY 2022).
• Net loss: R$979.1m (loss widened by 96% from FY 2022).
• R$0.15 loss per share (further deteriorated from R$0.075 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Magazine Luiza Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Global Multiline Retail industry.

Performance of the market in Brazil.

The company's shares are down 5.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Magazine Luiza that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.