Grendene
Grendene posts strong nine-month performance
Despite a challenging macroeconomic environment, the Brazilian footwear company, owner of the Melissa and Ipanema brands, has posted a strong performance in the first nine months of the year
Domestic market drives modest growth for Grendene
The owner of Melissa and Ipanema has reported a net sales growth of 3.2% year-over-year in the first quarter of the year, driven by domestic demand. International market remains challenging
Challenging external market weighs on Grendene’s full year results
The owner of Melissa and Ipanema brands ended 2023 in the red, with the macroeconomic environment remaining unfavourable to consumption in the fourth quarter of last year
Owner of Melissa and Ipanema delivers weak third quarter performance
The Brazilian Grendene posted a revenue decline in the third quarter of 2023, as unfavourable domestic macroeconomic conditions and the global economic slowdown continue to impact consumer demand
Grendene's sales decline in the second quarter
Despite posting a weak second quarter performance in 2023, the Brazilian owner of the Melissa and Ipanema brands is pleased with its first half and confident for the remaining year
Grendene posts fourth quarter results below expectations
The Brazilian footwear company suffered a revenue decline and an earnings loss in the last quarter of 2022, mainly due to a decline in the consumers’ disposable income caused by the difficult macro environment
Grendene on a recovery trajectory
The Brazilian footwear company announced results for the second quarter of 2022. Net revenue increased by 44.5%, as compared to the same period of 2021, reaching 517.2 million Brazilian reais (101.1 million USD)
Grendene's activities to be normalized
Starting today, the Brazil-based footwear manufacturer will restart its activities in all its units in the country, getting production up and running
Grendene: net profit up by 48%
The Brazil-based footwear group announced third quarter results with growth of 48.4% in net income, compared to similar period in 2018
Grendene maintains targets
The Brazil-based company has announced net revenue up by 9.0% in the first nine months of the year. Despite the difficulties in the markets, the company says its business is performing well and will maintain the guidance for the year
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