Grendene
Grendene's sales decline in the second quarter
Despite posting a weak second quarter performance in 2023, the Brazilian owner of the Melissa and Ipanema brands is pleased with its first half and confident for the remaining year
Grendene posts fourth quarter results below expectations
The Brazilian footwear company suffered a revenue decline and an earnings loss in the last quarter of 2022, mainly due to a decline in the consumers’ disposable income caused by the difficult macro environment
Grendene on a recovery trajectory
The Brazilian footwear company announced results for the second quarter of 2022. Net revenue increased by 44.5%, as compared to the same period of 2021, reaching 517.2 million Brazilian reais (101.1 million USD)
Grendene's activities to be normalized
Starting today, the Brazil-based footwear manufacturer will restart its activities in all its units in the country, getting production up and running
Grendene: net profit up by 48%
The Brazil-based footwear group announced third quarter results with growth of 48.4% in net income, compared to similar period in 2018
Grendene maintains targets
The Brazil-based company has announced net revenue up by 9.0% in the first nine months of the year. Despite the difficulties in the markets, the company says its business is performing well and will maintain the guidance for the year
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