Lojas Renner news and archive

Lojas Renner reports 59 percent increase in net profit in Q1 and shares rise

Last Friday, May 9, Lojas Renner (LREN3) shares closed on the B3 stock exchange up by 4.92 percentage points, at 16.20 Brazilian real. The increase occurred after the company’s first quarter report, released the previous day, May 8, which reported a net profit of 221 million Brazilian real, 58.7 percent higher than the same period last year. The...

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Lojas Renner Q4 sales surge, but profits miss expectations

Lojas Renner, a leading Brazilian fashion retailer, reported a 9.7 percent surge in fourth-quarter sales, reaching 4.17 billion Brazilian real, and an 8.2 percent annual sales increase to 12.7 billion Brazilian real, driven by higher volume and transaction numbers. However, despite this revenue growth, quarterly net profit fell to 487.2 million...