Magazine Luiza Third Quarter 2024 Earnings: EPS Beats Expectations

Magazine Luiza (BVMF:MGLU3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$9.00b (up 4.9% from 3Q 2023).
• Net income: R$102.4m (down 69% from 3Q 2023).
• Profit margin: 1.1% (down from 3.9% in 3Q 2023).
• EPS: R$0.14 (down from R$0.50 in 3Q 2023).

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

Magazine Luiza EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 124%.

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Global Multiline Retail industry.

Performance of the market in Brazil.

The company's shares are up 8.4% from a week ago.

Risk Analysis

Be aware that Magazine Luiza is showing 2 warning signs in our investment analysis that you should know about...

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