Grendene (BVMF:GRND3) Third Quarter 2024 Results
Key Financial Results
- Revenue: R$749.5m (up 8.8% from 3Q 2023).
- Net income: R$223.5m (up 67% from 3Q 2023).
- Profit margin: 30% (up from 20% in 3Q 2023). The increase in margin was primarily driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Grendene Earnings Insights
Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in Brazil.
Performance of the Brazilian Luxury industry.
The company's shares are up 1.5% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Grendene (1 shouldn't be ignored!) 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.
About BOVESPA:GRND3
Grendene
Engages in the development, production, distribution, and sale of footwear for women, men, and children in Brazil and internationally.
Flawless balance sheet and good value.
