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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...