Veste news and archive

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,...