Westwing Comércio Varejista Third Quarter 2023 Earnings: Revenues Miss Expectations

Westwing Comércio Varejista (BVMF:WEST3) Third Quarter 2023 Results

Key Financial Results

• Revenue: R$51.0m (down 17% from 3Q 2022).
• Net loss: R$14.6m (loss widened by 33% from 3Q 2022).

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

Westwing Comércio Varejista Revenues Disappoint

Revenue missed analyst estimates by 8.9%.

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Specialty Retail industry in Brazil.

Performance of the Brazilian Specialty Retail industry.

The company's shares are down 5.3% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Westwing Comércio Varejista (1 doesn't sit too well with us!) that you need to be mindful of.

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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.