Arezzo''s profit shrinks at the beginning of the year

In the period, the company recorded an increase of 5.8% in sales of footwear, to 2.36 million pairs. Sales of handbags, in turn, grew by 4.8%, to 196 1000 units. Net sales totaled R$ 257.55 million in the first quarter, with growth of 9%.
The earnings before interest, taxes, depreciation and amortization (Ebitda) was 6.3% drop in the quarter, to 26.34 million R$.
General and administrative expenses of the Arezzo had a growth of 24.6 percent in the first quarter, to R$ 91.7 million, with an increase in spending on stores, logistic and administrative expenses. The company said in a report that works to control expenses, which in the quarter were pressed by the opening of new stores in the United States, the implementation of a new distribution center and a system of business management (ERP) and the design of virtual stores to Anacapri and Arezzo.
Between January and March, the company opened 29 stores, 543 units. In all, the Arezzo opened franchise stores and 33 closed 4 own units.
Gross sales for the domestic market had 4% advance, reaching R$ 295.1 million. Exports, in turn, more than doubled, with a high of 109.9%, to 35.2 million R$.
Sales-oriented franchises had an increase of 2.3% in the quarter, while sales to multi-brand networks shrank 8.3 percent to 60.6 million R$. In e-commerce, the company''s sales advanced 96.1%, reaching 24.5 million R$.
Among the company''s brands, sales of Anacapri maintained strong expansion, with 42.1% advance in the recipe, to 22.6 million R$. Sales of Arezzo, in turn, showed an increase of 5.5% in the period, reaching R$ 175.7 million. The business of Samuel shrank, with a fall of 5.2% in the quarter, to 94.3 million R$.