Veste news and archive

Veste's Q2 sales up but weak demand for John John impacts results

Brazilian high-end fashion firm Veste reported gross revenue of 371.9 million Brazilian real in the second quarter, a 3.3 percent increase compared to the same quarter of 2023. The company said in a release that the performance was led by the positive evolution in brands Dudalina, Le Lis and Bo.Bo and B2C channel, partially affected by the...

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Veste reports 2.7 percent drop in Q1 revenue

Veste, a company in the high-end clothes and accessories segment in Brazil, reported gross revenue of 312.6 million Brazilian real in the first quarter, down 2.7 percent. The company’s adjusted gross profit of 158.2 million Brazilian real, declined 6.8 percent with adjusted gross margin of 62.9 percent, down 1.1 p.p. First quarter adjusted...

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Veste delivers 2023 revenues growth of 4.6 percent

Gross revenue at Veste of 358 million Brazilian real in the fourth quarter, increased 3 percent, while in 2023, revenue of 1.4 billion Brazilian real, rose 4.6 percent versus 2022. Gross profit for the quarter of 189.7 million Brazilian real, rose 1.5 percent and full year gross profit of 728.8 million Brazilian real increased 9.1 percent. Gross...

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Veste posts 8 percent revenue growth in Q2

Brazilian clothing and accessories company Veste S.A. Estilo reported second quarter gross revenue of 360 million Brazilian real, up 8 percent. The company said in a release that the company achieved its ninth consecutive positive quarter of same store sales with an increase of 12.5 percent. Operational highlights of Veste’s Q2 results gross...