Arezzo closes quarter with profit and revenue higher

Arezzo records net profit of R $ 29 million in the second quarter, 12.8% 7/31/2013 Value 08:25:59
The net profits of the shoe retailer Arezzo was r $ 29.1 million in the second quarter, with high of 12.8% over the same period last year.
The net revenue of the company reached r $ 237,6 million in the period, an increase of 19.1 percent on the same comparison. Same store sales (open for at least 12 months) increased by 1.2%.
The company's gross profit was r $ 106,1 million in the second quarter, a 17.9% compared to the previous year. Gross margin was 44.6%, in 0.5 percentage point retreat.
The earnings before interest, taxes, depreciation and amortization (Ebitda) totaled r $ 40.5 million, 16.9% on high on the second quarter of last year, with 17% margin, which represents a slight decrease of 0.4 percentage point.
The number of pairs of shoes sold by Arezzo grew 20% in the period from April to June, to 2.3 million.
In the second quarter, the Arezzo 17 shops opened and expanded four points, expanding the sales area in 1,337 square meters. The company ended the period with 417 shops, 58 more than in the second quarter of last year.