C&A second-quarter results show record adjusted profit of R$130 million, but revenue misses estimates. Same-store sales rise 4.1%, gross margin hits
Brazil · Retail
Key Facts
Net revenue — R$2.082 billion (US$407.6 million), up 1.2% from last year.
Same-store sales — clothing sales in stores open a year or more rose 4.1%.
Adjusted net income — R$130.1 million (US$25.5 million), up 4.3%.
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