Guararapes Confecções First Quarter 2024 Earnings: R$0.23 loss per share (vs R$0.35 loss in 1Q 2023)

Guararapes Confecções (BVMF:GUAR3) First Quarter 2024 Results

Key Financial Results

• Revenue: R$1.99b (up 9.1% from 1Q 2023).
• Net loss: R$117.0m (loss narrowed by 33% from 1Q 2023).
• R$0.23 loss per share (improved from R$0.35 loss in 1Q 2023).

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

Guararapes Confecções Earnings Insights

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Luxury industry in Brazil.

Performance of the Brazilian Luxury industry.

The company's shares are up 14% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Guararapes Confecções has 2 warning signs (and 1 which is significant) we think you should know about.

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