Pet Center Comércio e Participações Full Year 2023 Earnings: Revenues Miss Expectations

Pet Center Comércio e Participações (BVMF:PETZ3) Full Year 2023 Results

Key Financial Results

• Revenue: R$3.17b (up 12% from FY 2022).
• Net income: R$16.3m (down 68% from FY 2022).
• Profit margin: 0.5% (down from 1.8% in FY 2022). The decrease in margin was driven by higher expenses.

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

Pet Center Comércio e Participações Revenues Disappoint

Revenue missed analyst estimates by 1.7%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Specialty Retail industry in Brazil.

Performance of the Brazilian Specialty Retail industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Pet Center Comércio e Participações that you need to be mindful of.

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