Grupo Casas Bahia First Quarter 2024 Earnings: R$2.75 loss per share (vs R$4.70 loss in 1Q 2023)

Grupo Casas Bahia (BVMF:BHIA3) First Quarter 2024 Results

Key Financial Results

• Revenue: R$6.35b (down 14% from 1Q 2023).
• Net loss: R$261.0m (loss narrowed by 12% from 1Q 2023).
• R$2.75 loss per share (improved from R$4.70 loss in 1Q 2023).

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

Grupo Casas Bahia Earnings Insights

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Specialty Retail industry in Brazil.

Performance of the Brazilian Specialty Retail industry.

The company's shares are down 10% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Grupo Casas Bahia (at least 2 which are a bit unpleasant), and understanding them should be part of your investment process.

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