Bo.Bô news and archive

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...

BusinessFeatured

Veste's Q1 sales improve by 13.2 percent

Veste S.A. Estilo’s first quarter revenue totaled 321.3 million Brazilian real, up 13.2 percent versus the prior year period, while same store sales were up 18.1 percent Gross profit for the quarter was 169.8 million Brazilian real with a gross margin of 64 percent, an increase of 27.2 percent and 6.7p.p., respectively. Total EBITDA totaled 47.7...

BusinessFeatured

Veste reports 2022 same store sales growth of 32.1 percent

In 2022, total gross sales revenue at Veste S. A. was 1.3 billion Brazilian real, a 20.3 percent growth compared to 2021. Same store sales (SSS) showed an increase of 32.1 percent in the year, and 8.5 percent in the fourth quarter of 2022. The company said in a release that B2C and B2B channels had a growth of 23.2 percent and 37.8 percent,...