Home / Knowledge / News / Apparel/Garments / Lojas Renner reports EBITA growth of 55.8% in Q4
Lojas Renner reports EBITA growth of 55.8% in Q4
Feb '10
LOJAS RENNER S.A., the second largest apparel department store in Brazil, announces its results for the fourth quarter 2009 (4Q09).

Highlights Of The Period

• The Company reported growth in total Net Revenue of 15.6%, increasing from R$ 673.5 million in 4Q08 to R$ 778.8 million in 4Q09.
• Net Revenue from Merchandise Sales rose from R$ 613.8 million in 4Q08 to R$ 711.9 million in 4Q09, an increase of 16.0%. Same Store Sales recorded an increase of +9.5% from October to December.
• Gross Profit from Merchandise Sales posted R$ 347.0 million in 4Q09 and the Gross Margin from the Retailing Operation was 48.7%, representing a significant increase of 3.8 percentage points.
• Average Operating Expenses (selling, general and administrative) per store reported a decline of 4.7% in 4Q09.
• Results from Financial Services were R$ 25.8 million in 4Q09, representing 16.2% of the Company's total EBITDA.
• EBITDA in 4Q09 reached R$ 159.4 million, equivalent to growth of 55.8% in relation to R$ 102.3 million over the same period in 2008 while EBITDA Margin was 22.4% against 16.7% in 4Q08, translating into important growth of 5.7 percentage points.
• The Company ended 4Q09 posting growth in Net Income of 53.4%, from R$ 65.4 million in 4Q08 to R$ 100.3 million.
• Investments in Fixed Assets in 4Q09 amounted to R$ 27.0 million. Principal investments were dedicated to the opening of new stores as well as the remodeling of installations and the upgrading of IT systems and equipment. In the period from October to December four new units were inaugurated bringing the total network to 120 stores in operation.

The fourth quarter is the peak selling season. In addition to the Christmas holidays; the principal commemorative date of the year, the period also coincides with the payment of the socalled thirteenth month salary, paid in two stages during the period, also helping to boost retail sales as a whole during the months from October to December.

Temperatures the quarter under review were more favorable to our business than in 3Q09 and customer appeal in relation to the spring-summer collections was highly satisfactory.

Lojas Renner ended the last quarter of the year with extremely positive results in contrast to the same period in 2008 when the customers had adopted a more cautious posture in relation to purchases.

Click here for more details.


Must ReadView All

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search