Marisa Lojas SA
BOVESPA:AMAR3

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Marisa Lojas SA Logo
Marisa Lojas SA
BOVESPA:AMAR3
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Price: 1.04 BRL 0.97% Market Closed
Market Cap: 534m BRL

Marisa Lojas SA
Investor Relations

Marisa Lojas SA engages in the operation of store chains focused in women's fashion and lingerie. The company is headquartered in Sao Paulo, Sao Paulo. The company went IPO on 2007-10-22. Its department stores are specialized in women's clothing. The Company’s stores also offer men and children apparel, bed and bath products, and table linens, among others. The firm is also active in the import and sale of products through the Internet. Additionally, though its subsidiaries, it is involved in the credit card operations, finance, logistics and in the provision of personal loans to the Company’s customers. The firm operates through a numerous of subsidiaries, including Club Administradora de Cartoes de Credito Ltda, Studio Comercio Varejista do Vestuario Ltda, Due Mille Participacoes Ltda, MAX Participacoes Ltda, Siara Comercio Atacadista de Artigos do Vestuario Ltda and Albatroz Comercio Atacadista de Artigos do Vestuario Ltda, among others. On February 22, 2014, the Company closed three Marisa Lingerie stores of a total area of 522.6 square meters.

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Last Earnings Call
Fiscal Period
Q3 2022
Call Date
Nov 11, 2022
AI Summary
Q3 2022

Sales Weakness: Retail sales were impacted by an unusually cold quarter in Brazil, with same-store sales down 4.9% and digital sales dropping sharply year-on-year.

Margin Gains: Gross margin rose 7.2 percentage points, helped by tight inventory management and a reduced focus on aggressive promotions.

Digital Slowdown: Digital channel sales fell 43.8% versus Q3 2021, but management emphasized efforts to make the channel more profitable.

Inventory Control: Inventory levels were flat at around 20 million units; management expects to prioritize both growth and profitability with optimized stock going forward.

Mbank Pressure: Mbank’s contribution margin dropped 46%, impacted by high non-performing loans and cautious credit granting; management expects profitability to recover in the second half of next year.

Cash and Debt: Cash ended the quarter at BRL 182 million, down BRL 70 million sequentially, and net debt rose to BRL 560 million, up 7.9% year-on-year.

Outlook: Management is cautiously optimistic for Q4, citing positive early trends and planned campaigns despite ongoing market and macro challenges.

Key Financials
Same-store sales
-4.9%
Digital channel sales
-43.8% vs Q3 '21
Gross margin
Up 7.2 percentage points
Digital channel margin
Up 1.2 percentage points vs Q3 '21
Adjusted consolidated EBITDA
BRL 34 million loss
Net income
BRL 97 million loss
Cash at period end
BRL 182 million
Net debt
BRL 560 million
Inventory
Around 20 million units
Mbank contribution margin
Down 46%
Private label portfolio net losses
7.7 percentage points
Net losses (default indicator)
8.7%
NPS
76.6%
Digital app downloads
Over 17.5 million
Other Earnings Calls

Management

Edson Salles Abuchaim Garcia
Chief Executive Officer
No Bio Available
Roberta Ribeiro Leal
Financial VP & IR Director
No Bio Available
Mr. Alexandre Abreu de Andrade
Chief Operating Officer
No Bio Available
Rodrigo Lamosa Poço
Vice President of Technology & Digital Director
No Bio Available
Alberto Kohn de Penhas
Vice President of Operations & Sales
No Bio Available

Contacts

Address
SAO PAULO
Sao Paulo
R James Holland 422 432, Barra Funda
Contacts
+551136606045
www.marisa.com.br