Grendene
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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