Grupo de Moda SOMA S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 07, 2022 at 06:19 pm EST
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Grupo de Moda SOMA S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was BRL 1,289.95 million compared to BRL 714.27 million a year ago. Net income was BRL 102.14 million compared to BRL 173.8 million a year ago. Basic earnings per share from continuing operations was BRL 0.13 compared to BRL 0.19 a year ago. Diluted earnings per share from continuing operations was BRL 0.13 compared to BRL 0.19 a year ago.
For the nine months, sales was BRL 3,512.99 million compared to BRL 1,574.47 million a year ago. Net income was BRL 262.72 million compared to BRL 254.83 million a year ago. Basic earnings per share from continuing operations was BRL 0.33 compared to BRL 0.63 a year ago. Diluted earnings per share from continuing operations was BRL 0.33 compared to BRL 0.63 a year ago.
Grupo de Moda SOMA SA, formerly known RBX Rio Comercio de Roupas SA is a Brazil-based company active in the fashion industry. The Company operates a platform of exclusive fashion brands, such as Fabula, a children's clothing retailer that offers garments for boys, girls and infants; Foxton, a Brazilian retailer of clothes, footwear, and accessories; Maria Filo, a fashion brand with womenâs clothing, jewelry and bags in its offering, Off Premium, a brand that offers female and masculine fashion, as well as Hering, a fashion brand that offers sport clothes, among others. The Company has several subsidiaries, including Plantage Rio, Inc, Cidade Maravilhosa Industria e Comercio de Roupas SA, SOMA Ventures Participacoes Ltda as well as ByNV Comercio Varejista de Artigos do Vestuario SA.
GRUPO DE MODA SOMA S.A. 
