Dudalina 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...

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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...

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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,...

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Restoque posts Q3 revenue growth of 26.3 percent

In the third quarter, Restoque’s gross revenue was 351.8 million Brazilian real, up 26.3 percent compared to the third quarter of 2021, despite a reduction in the store base of 15.7 percent compared to last year. In the nine month period, the company’s gross sales reached 968.8 million Brazilian real, a growth of 31.9 percent in comparison to...

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Restoque sales surpass pre-pandemic level

Restoque’s gross revenue in the second quarter equaled 333.4 million Brazilian real, increasing 35.5 percent compared to the second quarter of 2021 and 3.2 percent compared to the same quarter in 2019, despite a reduction in the store base of 24 percent. The company’s consolidated gross margin reached 64.3 percent, up 1170 bps, while EBITDA in...

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Restoque revenues grow by 35.4 percent in Q1

Restoque ended the first quarter with a gross margin of 57.3 percent and revenue of 283.7 million Brazilian real, up 35.4 percent against the first quarter of 2021. The company said in a release that despite a reduction in the store base of 14.1 percent versus the first quarter of 2021 and 25.8 percent versus Q120 and the negative impact of the...

Business

Resoque Q3 revenues increase by 54.9 percent

Restoque reported revenue of 278.6 million Brazilian real in the third quarter, growth of 54.9 percent against the third quarter of 2020 and 2.5 percent compared to Q319. In the nine month period revenue was 113.8 million Brazilian real, up 94.5 percent compared to the same period in 2020 and up 256.2 percent against 2019. The company’s b2b...

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Restoque posts Q2 sales and EBITDA growth

In an update about the second quarter trading, Restoque said, the company’s digital channel continued to grow at triple digits, reaching 44 million Brazilian real in sales, an increase of 113 percent representing 25 percent of sales in the b2c channel in the period. The company’s sales in physical stores were 511 percent higher versus the second...

Business

Restoque posts 39.5 percent decline in revenue

Restoque’s gross revenue in 2020 was 0.2 percent above the projections disclosed to the market in may 2020 of 751.4 million Brazilian real, but 39.5 percent lower than the gross sales revenue of 2019. The company said, decline results in part due to the reduced flow in stores as a result of the pandemic and the restrictions on operation and...