2024-09-14 13:27:43
Marisa Lojas (BVMF:) showed a loss of R$102 million in the second quarter of 2024, 60.8% higher compared to the loss recorded in the same period in 2023, of R$63.4 million.
EBITDA was R$5.9 million, a decrease of 87% year on year. Net income was R$320.5 million in the period from April to June, a 34% drop compared to the previous year.
In the same period, net debt jumped from R$310.5 million in March to R$657.6 million last June, which explained the increase in gross debt in part as a result of three commercial note issues worth R$ 300 million.
The net financial result was a negative R$50.6 million in the quarter compared to a negative result of R$46.7 million a year earlier. The increase, according to the company, is exclusively due to higher costs with interest and monetary correction.
The results, according to Marisa, do not include numbers from M Payments, the retailer’s finance arm, which is now described as a “discontinued operation”. Marisa’s card operation is now managed through a partnership with Credystem, the company said in the release accompanying the balance sheet.
Physical stores
In the second quarter, Marisa Lojas showed a growth of 11 percentage points (pp) in same store sales, compared to the first quarter of this year. However, compared to the same quarter in 2023, there was a drop of 14.8%, which reflects the impact of the challenges faced last year, the company reported.
Also according to Marisa, in the second quarter the focus was on regaining confidence among suppliers and on continuous improvement of collection planning “according to the DNA of the company”.
“We are still confident in our ability to turn challenges into opportunities. Our commitment to working hard to bring Marisa back to the level she deserves remains firm and steadfast”, emphasizes Edson Salles Abuchain Garcia and Adilvo Alves de Souza Jr, respectively, CEO and Company CFO.
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