Lojas Renner S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 12, 2021 at 05:55 pm EDT
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Lojas Renner S.A. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was BRL 2,489.104 million compared to BRL 808.506 million a year ago. Net income was BRL 193.073 million compared to BRL 818.051 million a year ago. For the half year, total revenue was BRL 4,069.798 million compared to BRL 2,672.267 million a year ago. Net income was BRL 45.370 million compared to BRL 825.188 million a year ago.
Lojas Renner S.A. specializes in the retail distribution of clothes and accessories for men, women and children. Gross sales break down by activity as follows:
- sale of products (90.4%): clothes, lingerie, shoes, bags, accessories, perfumes, cosmetic products, etc.;
- financial products (9.6%).
At the end of 2021, the marketing of the products is ensured through a network of 636 stores under the Renner (404), Camicado (119), Youcom (104) and Ashua (9) names in Brazil, and through Internet.