trending Market Intelligence /marketintelligence/en/news-insights/trending/zusFYZ5s-YO77ze8xmypMQ2 content esgSubNav
In This List

Restoque profit beats consensusin Q1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Restoque profit beats consensusin Q1

Restoque Comércio e Confecções de Roupas SA said its first-quarter normalized net income amounted to 20 Brazilian centavos per share, compared with the S&P Capital IQ consensus estimate of 7 centavos per share.

The per-share result swung to a profit from the prior-year loss of 2 centavos.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 9.4 million reais, compared with a loss of 416,250 reais in the prior-year period.

The normalized profit margin rose to 3.2% from negative 0.2% in the year-earlier period.

Total revenue grew 70.1% on an annual basis to 296.1 million reais from 174.1 million reais, and total operating expenses climbed 55.5% on an annual basis to 240.8 million reais from 154.9 million reais.

Reported net income came to 15.0 million reais, or 32 centavos per share, compared to a loss of 438,000 reais, or a loss of 2 centavos per share, in the year-earlier period.

As of May 8, US$1 was equivalent to 2.99 reais.