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Article Date: May 2018
Word Count: 131

Netshoes Q1 Comes in Below Expectations

The South American e-tailer’s loss expanded to BRL 60,337,000 ($18.6 mm) from a loss of BRL 37,717,000 in the first quarter on sales of BRL 676,917,000, up 1% from BRL 653,701,000 last year. The results missed forecasts badly, sending the NETS stock down over 40%. Gross margin declined 250 basis points to 30.2%, negatively impacted by the impact of the B2B operation. B2B sales plunged ... Log in to view full article.


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