Hering reported its 3Q12 results. Key highlights included:
- Gross revenue increased 0.5% to R$388.4 million.
- EBITDA was R$74.4 million with a margin of 23.0%, down from 27.6% in 3Q11.
- Net income was R$54.6 million, down from R$63.7 million in 3Q11.
- The Hering store chain grew by 16 stores and sales increased 17.8% to R$303 million.
- Capex was R$19.9 million as the company opened new
In 3 sentences:
1) Hering reported strong 3Q11 results with 34.6% revenue growth and EBITDA margin expansion of 3.2 percentage points to 27.7%.
2) Same-store sales growth for Hering Stores slowed to 9.0% due to higher average sales ticket, while the store count increased by 89 stores year-over-year.
3) Management expects continued growth for the Hering brand and children's lines, along with margin expansion in 4Q11 from lower costs and operating leverage.
The document summarizes the company's 2Q11 conference call. It reported strong revenue growth of 37.9% compared to 2Q10, with double-digit sales increases across all brands. EBITDA grew 41.2% with margins expanding 0.8 percentage points. Net profit increased 80.8% compared to 2Q10. The company opened 83 new stores since 2Q10. Same-store sales grew 16.3% driven by increased traffic and higher average sales prices. Capex increased significantly due to investments in stores, IT and industrial projects. Cash flow was positively impacted by EBITDA growth despite higher working capital needs.
- Hering reported strong financial results for 1Q12, with gross revenue up 15.7% and net profit increasing 37.6% year-over-year.
- Double-digit sales growth was achieved for the Hering, Hering Kids and PUC brands.
- The number of Hering stores increased to 437, with 87 new openings since 1Q11.
- EBITDA was R$90.0 million, with an EBITDA margin of 27.5%.
- Management expects continued challenges in the market but
This document summarizes a conference call discussing the financial results of Cia. Hering for the fourth quarter and full year of 2010. Some key highlights include:
- Gross sales grew 41.6% in 4Q10 and 40.8% for the full year. All brands experienced double-digit sales growth.
- EBITDA was R$276.5 million for 2010 with a margin of 27.3%, up from 21.4% the previous year.
- Net profit grew 101.6% in 4Q10 and 54.2% for the year due to improved operations and lower taxes.
- The Hering store chain opened 10 more stores than planned, ending 2010
The document summarizes Cia. Hering's 2Q10 conference call. Some key highlights include gross revenue growing 46.5% to R$306.7 million and EBITDA margin reaching 27.4% at R$69.3 million. The company plans to expand its Hering store chain to 325 stores by end of 2010. Cia. Hering also revised its 2010 capex forecast upwards to R$86.7 million to meet market demands. The outlook projects further growth in total sales and same-store sales for Hering stores, as well as expanding into the children's market.
In 3 sentences:
1) Hering reported strong 3Q11 results with 34.6% revenue growth and EBITDA margin expansion of 3.2 percentage points to 27.7%.
2) Same-store sales growth for Hering Stores slowed to 9.0% due to higher average sales ticket, while the store count increased by 89 stores year-over-year.
3) Management expects continued growth for the Hering brand and children's lines, along with margin expansion in 4Q11 from lower costs and operating leverage.
The document summarizes the company's 2Q11 conference call. It reported strong revenue growth of 37.9% compared to 2Q10, with double-digit sales increases across all brands. EBITDA grew 41.2% with margins expanding 0.8 percentage points. Net profit increased 80.8% compared to 2Q10. The company opened 83 new stores since 2Q10. Same-store sales grew 16.3% driven by increased traffic and higher average sales prices. Capex increased significantly due to investments in stores, IT and industrial projects. Cash flow was positively impacted by EBITDA growth despite higher working capital needs.
- Hering reported strong financial results for 1Q12, with gross revenue up 15.7% and net profit increasing 37.6% year-over-year.
- Double-digit sales growth was achieved for the Hering, Hering Kids and PUC brands.
- The number of Hering stores increased to 437, with 87 new openings since 1Q11.
- EBITDA was R$90.0 million, with an EBITDA margin of 27.5%.
- Management expects continued challenges in the market but
This document summarizes a conference call discussing the financial results of Cia. Hering for the fourth quarter and full year of 2010. Some key highlights include:
- Gross sales grew 41.6% in 4Q10 and 40.8% for the full year. All brands experienced double-digit sales growth.
- EBITDA was R$276.5 million for 2010 with a margin of 27.3%, up from 21.4% the previous year.
- Net profit grew 101.6% in 4Q10 and 54.2% for the year due to improved operations and lower taxes.
- The Hering store chain opened 10 more stores than planned, ending 2010
The document summarizes Cia. Hering's 2Q10 conference call. Some key highlights include gross revenue growing 46.5% to R$306.7 million and EBITDA margin reaching 27.4% at R$69.3 million. The company plans to expand its Hering store chain to 325 stores by end of 2010. Cia. Hering also revised its 2010 capex forecast upwards to R$86.7 million to meet market demands. The outlook projects further growth in total sales and same-store sales for Hering stores, as well as expanding into the children's market.
1. Cia. Hering reported strong growth in 1Q11, with gross sales up 44.8% and net profit increasing 73.7%.
2. Same store sales in the Hering store chain grew 23.4% due to increases in average sales price and store traffic.
3. Despite pressure from rising raw material costs, EBITDA margin expanded 2.6 percentage points to 26.8% through operational leverage and expense management.
1) Hering reported strong financial results in 2009 with total gross revenue increasing 39.4% and EBITDA growing 71.9% to R$154 million.
2) The company expanded its store network opening 46 Hering Stores and 15 PUC Stores in 2009.
3) Same-store sales increased 27.2% in 2009 and 32.6% in the fourth quarter driven by increased store traffic.
4) Gross margins improved with the gross margin excluding depreciation reaching 53.1% in the fourth quarter.
5) The company outlined plans to further expand the Hering Store network to 405 stores by 2012 focused on
Best Buy executives Brad Anderson and Darren Jackson presented at a Lehman Brothers retail seminar on May 2, 2006 about Best Buy's focus on customer centricity and growth strategies. Best Buy aims to transform its core business through an integrated customer-centric operating model while enhancing the customer experience through services like Geek Squad and expanding into new markets like China and small businesses. The company's priorities are transforming its core business, enhancing the customer experience, and extending its business into new markets to drive top-line and bottom-line growth.
The document discusses the Company's financial results for 1Q12. Net revenue increased 16.4% to R$161.4 million, while gross profit grew 19% to R$67.2 million. EBITDA was R$14.7 million, but excluding a non-recurring expense would have been R$22.7 million. Net income totaled R$10.9 million or R$16.1 million excluding the non-recurring impact. The company saw strong growth in owned stores and franchises as well as its brands, with an emphasis on expanding its distribution channels.
wyeth Cowen and Company Annual Health Care Conferencefinance12
Geno Germano, President of U.S. and General Manager of Wyeth Pharmaceuticals, presented at the Cowen Health Care Conference on March 13, 2007. He discussed Wyeth's strong financial growth in 2006, new commercial models being implemented, and upcoming FDA submissions including Pristiq for depression and menopausal symptoms. Germano emphasized building a diverse and stronger company through top line growth, cost management, and outpacing revenue growth with bottom line growth.
The document summarizes 3Q12 financial highlights and subsequent events for BR Properties. Key points include:
- 3Q12 net revenues increased 83% year-over-year to R$168 million due to additional rental revenues from new properties.
- Adjusted EBITDA was R$156.4 million, up 84% year-over-year, with a margin of 93%.
- In July, BR Properties issued R$600 million in local debentures and prepaid/refinanced R$364.5 million of debt.
- Several non-income producing properties are expected to deliver throughout 2012-2014, representing potential additional annual revenue of R$300 million.
- 2Q07 earnings presentation meeting with investors.
- Gross revenue up 1.6% YoY in 2Q07. Adjusted net income down 25.3% YoY due to lower average prices and higher costs.
- For 1H07, gross revenue up 8.4% YoY and adjusted net income down 5.5% YoY. Volume grew 2.2% while average price increased 6%.
- Guidance for 1H07 was met or exceeded on key metrics like revenue and volume.
- Operational performance has been strong with continued revenue growth although profits impacted by pricing dynamics.
Sri Lanka stock market weeekly foreign holding update 6 jan 2012Ishara Gamage
Foreign investors sold Sri Lankan stocks totaling Rs.154 million for the week. Commercial Bank and JKH saw the highest levels of foreign selling, while Ceylon Tobacco had the most foreign buying, though at relatively lower levels. Overall foreign participation in the market remained subdued.
This presentation discusses Cia. Hering's Q3 2008 results and future outlook. It notes that Q3 results showed strong revenue growth in the domestic market driven by the Hering brand. It also discusses the company's continued expansion plans, including increasing its owned and franchised store count and marketing campaigns. The presentation emphasizes Cia. Hering's focus on sustainable growth through actions like improving its store card base and continued investment in stores, technology and its industrial operations.
- The annual report summarizes AutoZone's fiscal year 2002 performance, which saw record sales of $5.3 billion, earnings per share of $4.00, and a 52% return for shareholders.
- The three divisions - U.S. Retail, AZ Commercial, and Mexico - all contributed to growth. U.S. Retail had same-store sales growth of 8% and now operates 3,068 stores across 44 states.
- AZ Commercial grew 20% to $532 million in sales by expanding commercial product offerings and dedicated sales force for commercial customers.
- AutoZone aims to continue delivering strong profitable growth and pursuing opportunities in the large market for automotive maintenance and repairs.
Localiza reported strong financial results for the first quarter of 2007, with net income increasing 53.4% compared to the first quarter of 2006. EBITDA from car rentals increased 14.9 million or 30% due to growth in revenue and margins. Overall market share increased to 20.5% as Localiza grew revenues at a rate 2.9 times faster than the overall car rental market between 2004-2006. Cash generation was robust at R$228.5 million after adjusting for a reduction in debt from automakers. Fleet size continued to grow significantly with a net investment of R$242 million and over 10,000 additional cars.
This presentation summarizes Lopes' operational and financial results for 4Q12 and full year 2012. Key highlights include:
- Total transactions closed reached R$19 billion in 2012, a 4% increase over 2011.
- CrediPronto! reached profitability in November 2012 and originated R$1.5 billion in mortgage loans in 2012, up 18% over 2011.
- Net revenue increased 5% to R$423 million while EBITDA grew 9% to R$146.7 million in 2012 compared to 2011.
- Net income of controlling shareholders before IFRS was R$86.2 million, an 11% increase over 2011.
Eagle Materials Inc. reported financial results for the fourth quarter and fiscal year 2009. Revenues declined 25% to $108.9 million for the quarter and 20% to $602.2 million for the fiscal year. However, operating earnings increased 11% to $20.4 million for the quarter due to lower costs, despite a 41% decline to $108 million for the fiscal year. Earnings per share increased 129% to $0.16 for the quarter but declined 55% to $0.95 for the fiscal year. Wallboard and cement revenues and operating earnings declined for both periods compared to the prior year. Cash flow from operations declined 47% for the fiscal year.
Noble Roman's Inc provides information on its business model which focuses on licensing and franchising non-traditional pizza franchises, grocery take-n-bake pizza distribution, and stand-alone take-n-bake pizza franchises. It highlights historical revenue and profit growth, a sustainable and profitable business model positioned in the fast-growing take-n-bake pizza industry segment, and an experienced management team focused on continued growth and profitability.
Moe Nozari, Executive Vice President of 3M's Consumer & Office Business, discusses growth opportunities in this business segment. The division has a broad portfolio of well-known brands and has experienced long-term sales and profit growth. Nozari outlines key growth drivers including new product platforms, expanding core product lines, partnering with key accounts, and increasing international penetration. Examples of new product lines with growth potential highlighted are Filtrete air filters and purifiers, Command hooks, and Scotch cutting tools.
1) The document discusses 3M's strategy for growth through customer value enhancement, continued commitment to operational excellence, and plans to drive higher earnings.
2) 3M aims to grow its core business, pursue complementary acquisitions, build new businesses through adjacencies and emerging business opportunities, and focus on international growth.
3) Near term actions to drive growth include capital investments in core manufacturing capacity expansions, 2006 acquisitions mostly of small companies, and a manufacturing strategy focused on strategic needs in the core or near adjacencies through bolt-on acquisitions.
1) Shuffle Master reported record net income of $9.1 million and record adjusted EBITDA of $19.5 million for Q3 2011.
2) Total revenue increased 13% year-over-year to $58.3 million in Q3 2011, driven by new products in existing markets.
3) Recurring revenue, which includes leases, participation games, and utility, grew 11% year-over-year and represented 46% of total revenue for Q3 2011.
Hering reported its 3Q13 results with the following highlights:
- Gross revenues increased 12% to R$435 million driven by double-digit growth of Hering and Hering Kids brands.
- EBITDA grew 11% to R$82.5 million and net income increased 7% to R$58.3 million.
- Capex totaled R$25.4 million focused on IT infrastructure for a new SAP implementation.
- Inventory levels increased temporarily to prepare for the SAP rollout planned through mid-2014.
- Outlook remains challenging with a focus on brand management and the company's first investor day in December.
O documento resume os resultados financeiros da empresa no 3T11, destacando:
1) Crescimento de receita bruta de 34,6% e lucro líquido de 63%;
2) Aumento da margem EBITDA para 27,7%;
3) Expansão da rede Hering Store com 17 novas lojas no trimestre.
Hering reported its 2Q13 results with revenues growing 11.6% and EBITDA up 36%. While gross margins expanded, EBITDA margins declined slightly. Net income grew 4.3% despite higher taxes. Cash flow was down due to taxes, capex, and inventory growth. Hering expects continued growth from its apparel brands in 2H13 but cautions about economic uncertainty. It aims to gain retail market share and expand its store network while improving the online shopping experience.
The company reported gross revenues of R$431.1 million for 3Q14, a 0.9% decrease from the previous year. EBITDA was R$74.7 million, down 9.4% due to higher expenses and a decline in gross margin from promotional activities. Net income increased 21.7% to R$70.9 million due to a tax benefit. The outlook expects challenges to organic store expansion due to high occupancy costs and a focus on profitability, which may result in fewer openings in 2015. A new e-commerce platform will launch in October and all brands will migrate to the new platform in 2015.
1. Cia. Hering reported strong growth in 1Q11, with gross sales up 44.8% and net profit increasing 73.7%.
2. Same store sales in the Hering store chain grew 23.4% due to increases in average sales price and store traffic.
3. Despite pressure from rising raw material costs, EBITDA margin expanded 2.6 percentage points to 26.8% through operational leverage and expense management.
1) Hering reported strong financial results in 2009 with total gross revenue increasing 39.4% and EBITDA growing 71.9% to R$154 million.
2) The company expanded its store network opening 46 Hering Stores and 15 PUC Stores in 2009.
3) Same-store sales increased 27.2% in 2009 and 32.6% in the fourth quarter driven by increased store traffic.
4) Gross margins improved with the gross margin excluding depreciation reaching 53.1% in the fourth quarter.
5) The company outlined plans to further expand the Hering Store network to 405 stores by 2012 focused on
Best Buy executives Brad Anderson and Darren Jackson presented at a Lehman Brothers retail seminar on May 2, 2006 about Best Buy's focus on customer centricity and growth strategies. Best Buy aims to transform its core business through an integrated customer-centric operating model while enhancing the customer experience through services like Geek Squad and expanding into new markets like China and small businesses. The company's priorities are transforming its core business, enhancing the customer experience, and extending its business into new markets to drive top-line and bottom-line growth.
The document discusses the Company's financial results for 1Q12. Net revenue increased 16.4% to R$161.4 million, while gross profit grew 19% to R$67.2 million. EBITDA was R$14.7 million, but excluding a non-recurring expense would have been R$22.7 million. Net income totaled R$10.9 million or R$16.1 million excluding the non-recurring impact. The company saw strong growth in owned stores and franchises as well as its brands, with an emphasis on expanding its distribution channels.
wyeth Cowen and Company Annual Health Care Conferencefinance12
Geno Germano, President of U.S. and General Manager of Wyeth Pharmaceuticals, presented at the Cowen Health Care Conference on March 13, 2007. He discussed Wyeth's strong financial growth in 2006, new commercial models being implemented, and upcoming FDA submissions including Pristiq for depression and menopausal symptoms. Germano emphasized building a diverse and stronger company through top line growth, cost management, and outpacing revenue growth with bottom line growth.
The document summarizes 3Q12 financial highlights and subsequent events for BR Properties. Key points include:
- 3Q12 net revenues increased 83% year-over-year to R$168 million due to additional rental revenues from new properties.
- Adjusted EBITDA was R$156.4 million, up 84% year-over-year, with a margin of 93%.
- In July, BR Properties issued R$600 million in local debentures and prepaid/refinanced R$364.5 million of debt.
- Several non-income producing properties are expected to deliver throughout 2012-2014, representing potential additional annual revenue of R$300 million.
- 2Q07 earnings presentation meeting with investors.
- Gross revenue up 1.6% YoY in 2Q07. Adjusted net income down 25.3% YoY due to lower average prices and higher costs.
- For 1H07, gross revenue up 8.4% YoY and adjusted net income down 5.5% YoY. Volume grew 2.2% while average price increased 6%.
- Guidance for 1H07 was met or exceeded on key metrics like revenue and volume.
- Operational performance has been strong with continued revenue growth although profits impacted by pricing dynamics.
Sri Lanka stock market weeekly foreign holding update 6 jan 2012Ishara Gamage
Foreign investors sold Sri Lankan stocks totaling Rs.154 million for the week. Commercial Bank and JKH saw the highest levels of foreign selling, while Ceylon Tobacco had the most foreign buying, though at relatively lower levels. Overall foreign participation in the market remained subdued.
This presentation discusses Cia. Hering's Q3 2008 results and future outlook. It notes that Q3 results showed strong revenue growth in the domestic market driven by the Hering brand. It also discusses the company's continued expansion plans, including increasing its owned and franchised store count and marketing campaigns. The presentation emphasizes Cia. Hering's focus on sustainable growth through actions like improving its store card base and continued investment in stores, technology and its industrial operations.
- The annual report summarizes AutoZone's fiscal year 2002 performance, which saw record sales of $5.3 billion, earnings per share of $4.00, and a 52% return for shareholders.
- The three divisions - U.S. Retail, AZ Commercial, and Mexico - all contributed to growth. U.S. Retail had same-store sales growth of 8% and now operates 3,068 stores across 44 states.
- AZ Commercial grew 20% to $532 million in sales by expanding commercial product offerings and dedicated sales force for commercial customers.
- AutoZone aims to continue delivering strong profitable growth and pursuing opportunities in the large market for automotive maintenance and repairs.
Localiza reported strong financial results for the first quarter of 2007, with net income increasing 53.4% compared to the first quarter of 2006. EBITDA from car rentals increased 14.9 million or 30% due to growth in revenue and margins. Overall market share increased to 20.5% as Localiza grew revenues at a rate 2.9 times faster than the overall car rental market between 2004-2006. Cash generation was robust at R$228.5 million after adjusting for a reduction in debt from automakers. Fleet size continued to grow significantly with a net investment of R$242 million and over 10,000 additional cars.
This presentation summarizes Lopes' operational and financial results for 4Q12 and full year 2012. Key highlights include:
- Total transactions closed reached R$19 billion in 2012, a 4% increase over 2011.
- CrediPronto! reached profitability in November 2012 and originated R$1.5 billion in mortgage loans in 2012, up 18% over 2011.
- Net revenue increased 5% to R$423 million while EBITDA grew 9% to R$146.7 million in 2012 compared to 2011.
- Net income of controlling shareholders before IFRS was R$86.2 million, an 11% increase over 2011.
Eagle Materials Inc. reported financial results for the fourth quarter and fiscal year 2009. Revenues declined 25% to $108.9 million for the quarter and 20% to $602.2 million for the fiscal year. However, operating earnings increased 11% to $20.4 million for the quarter due to lower costs, despite a 41% decline to $108 million for the fiscal year. Earnings per share increased 129% to $0.16 for the quarter but declined 55% to $0.95 for the fiscal year. Wallboard and cement revenues and operating earnings declined for both periods compared to the prior year. Cash flow from operations declined 47% for the fiscal year.
Noble Roman's Inc provides information on its business model which focuses on licensing and franchising non-traditional pizza franchises, grocery take-n-bake pizza distribution, and stand-alone take-n-bake pizza franchises. It highlights historical revenue and profit growth, a sustainable and profitable business model positioned in the fast-growing take-n-bake pizza industry segment, and an experienced management team focused on continued growth and profitability.
Moe Nozari, Executive Vice President of 3M's Consumer & Office Business, discusses growth opportunities in this business segment. The division has a broad portfolio of well-known brands and has experienced long-term sales and profit growth. Nozari outlines key growth drivers including new product platforms, expanding core product lines, partnering with key accounts, and increasing international penetration. Examples of new product lines with growth potential highlighted are Filtrete air filters and purifiers, Command hooks, and Scotch cutting tools.
1) The document discusses 3M's strategy for growth through customer value enhancement, continued commitment to operational excellence, and plans to drive higher earnings.
2) 3M aims to grow its core business, pursue complementary acquisitions, build new businesses through adjacencies and emerging business opportunities, and focus on international growth.
3) Near term actions to drive growth include capital investments in core manufacturing capacity expansions, 2006 acquisitions mostly of small companies, and a manufacturing strategy focused on strategic needs in the core or near adjacencies through bolt-on acquisitions.
1) Shuffle Master reported record net income of $9.1 million and record adjusted EBITDA of $19.5 million for Q3 2011.
2) Total revenue increased 13% year-over-year to $58.3 million in Q3 2011, driven by new products in existing markets.
3) Recurring revenue, which includes leases, participation games, and utility, grew 11% year-over-year and represented 46% of total revenue for Q3 2011.
Hering reported its 3Q13 results with the following highlights:
- Gross revenues increased 12% to R$435 million driven by double-digit growth of Hering and Hering Kids brands.
- EBITDA grew 11% to R$82.5 million and net income increased 7% to R$58.3 million.
- Capex totaled R$25.4 million focused on IT infrastructure for a new SAP implementation.
- Inventory levels increased temporarily to prepare for the SAP rollout planned through mid-2014.
- Outlook remains challenging with a focus on brand management and the company's first investor day in December.
O documento resume os resultados financeiros da empresa no 3T11, destacando:
1) Crescimento de receita bruta de 34,6% e lucro líquido de 63%;
2) Aumento da margem EBITDA para 27,7%;
3) Expansão da rede Hering Store com 17 novas lojas no trimestre.
Hering reported its 2Q13 results with revenues growing 11.6% and EBITDA up 36%. While gross margins expanded, EBITDA margins declined slightly. Net income grew 4.3% despite higher taxes. Cash flow was down due to taxes, capex, and inventory growth. Hering expects continued growth from its apparel brands in 2H13 but cautions about economic uncertainty. It aims to gain retail market share and expand its store network while improving the online shopping experience.
The company reported gross revenues of R$431.1 million for 3Q14, a 0.9% decrease from the previous year. EBITDA was R$74.7 million, down 9.4% due to higher expenses and a decline in gross margin from promotional activities. Net income increased 21.7% to R$70.9 million due to a tax benefit. The outlook expects challenges to organic store expansion due to high occupancy costs and a focus on profitability, which may result in fewer openings in 2015. A new e-commerce platform will launch in October and all brands will migrate to the new platform in 2015.
O documento apresenta os resultados financeiros da empresa no 2T11. As principais informações são:
1) Receita bruta de R$422,9 milhões, crescimento de 37,9%;
2) Lucro líquido de R$77,3 milhões, aumento de 80,8%;
3) Abertura de 83 novas lojas Hering Store desde o 2T10.
A Companhia Hering apresentou crescimento de receita e lucro no 1T11, impulsionado pelo desempenho das lojas Hering Store. A Companhia planeja expandir sua rede varejista e lançar novas coleções para manter o crescimento nos próximos trimestres, apesar da pressão de custos.
Hering reported its 1Q15 results with the following highlights:
- Gross revenues decreased 11.5% to R$405.8 million due to declines in franchises and multibrand sales from a deteriorating environment.
- EBITDA was R$47.1 million, down 50.1% due to sales and margin decreases which impacted operational leverage.
- Net income was R$41.5 million, down 35.7% mainly from lower operating income, partly offset by higher net financial income.
- Cash flow was R$62.5 million, up R$35 million from 1Q14 due to lower taxes paid and improved working capital.
- Priorities for the remainder of
Cia Hering reported a 3.9% decrease in gross revenues for 2Q14 compared to the prior year, which it attributed to macroeconomic factors, the World Cup's negative impact on apparel retail, and unfavorable weather. EBITDA declined 16.9% due to lower sales and higher promotional activity, while net income fell 16.5%. The company expects challenges to continue for the rest of the year but believes actions taken will help return to growth.
Cia. Hering 3Q15 earnings presentation Cia Hering RI
The document summarizes Cia. Hering's 3Q15 results conference call. It discusses gross revenues which were influenced by retail channel retraction. EBITDA declined 26.6% due to operational deleveraging and additional selling expenses. Net income increased 37.9% due to a non-recurring tax gain. Cash flow declined due to lower EBITDA generation and working capital erosion, partially offset by lower taxes. Priorities going forward include sales growth through improved assortment, supply and products while recovering margins through reductions in inventory, imports and promotions. Expenses will also be controlled while building new growth fronts.
1. Cia Hering reported a 2.7% increase in gross revenues to R$466.7 million in 1Q14 compared to 1Q13, mainly due to growth in the multibrand retail channel. However, EBITDA declined 7.5% to R$94.5 million due to lower than expected sales growth and rising expenses.
2. Net income decreased 6.9% to R$64.6 million in 1Q14 compared to 1Q13, in line with lower EBITDA. Capital expenditures were R$11.6 million.
3. The outlook for 2Q14 remains challenging due to the macroeconomic environment and the World Cup, which may negatively impact
1) A empresa apresentou crescimento de vendas de 10,7% no trimestre e 8,9% no ano, porém teve queda na margem bruta e EBITDA no trimestre.
2) A rede Hering Store teve aumento no número de lojas mas desaceleração no crescimento de vendas nas mesmas lojas.
3) O lucro líquido cresceu 4,6% no ano, mas teve queda no trimestre devido à redução de margens.
O documento fornece um resumo operacional e financeiro da empresa para o primeiro trimestre de 2010. Destaca o crescimento de receita de 38%, expansão da margem bruta e EBITDA, além de manutenção da baixa alavancagem financeira. A empresa projeta novas lojas e reposicionamento de marcas para continuar o crescimento.
The document summarizes Cia. Hering's 2Q15 earnings results. It reports that gross revenues were R$ 455.2 million, influenced by retraction in the multibrand segment due to economic deterioration. EBITDA was R$ 66.6 million, down 31.3%, with the EBITDA margin decreasing 560 basis points due to sales decrease. Net income was R$ 58.8 million, down 20.7%, explained by decreased operating income offset partially by higher net financial income and lower effective tax rate. Cash flow was R$ 11.9 million in 2Q15, down R$ 77.6 million from 2Q14. Priorities going forward include actions to drive sales growth and
Hering reported its financial results for the fourth quarter and full year of 2014. Gross revenues for the quarter were R$612 million, a slight increase of 0.5% year-over-year. For the full year, gross revenues were R$2.01 billion, a small decrease of 0.4% compared to 2013. EBITDA for 2014 reached R$395.8 million, down 9.8% due to lower sales growth and increased organizational expenses. Net income was R$318.9 million, a slight increase of 0.2% from the prior year. For 2015, Hering aims to resume same-store sales growth, increase multibrand sales to existing customers, and focus on implementing
O documento apresenta os resultados do 4T11 e 2011 da empresa. Destaca o crescimento de vendas acima de 20% no trimestre e 33% no ano, impulsionado pelo desempenho da marca Hering. Apresenta também a expansão da rede de lojas e o crescimento do lucro líquido de 40% em 2011.
O documento apresenta os resultados financeiros da empresa no 4T10 e no ano de 2010. A receita bruta cresceu 41,6% no trimestre e 40,8% no ano, impulsionada pelo crescimento de vendas de todas as marcas, especialmente a Hering. A margem EBITDA aumentou para 27,3% no ano, refletindo o bom desempenho operacional. A rede de lojas Hering Store encerrou 2010 com 347 unidades, acima da meta prevista.
The document summarizes 1Q16 financial results for Cia. Hering. Gross revenues were R$367 million, down 9.5% year-over-year. EBITDA was R$36.5 million, down 22.6%, impacted by severance payments. Net income declined due to lower operating income, partially offset by a lower tax rate. Cash flow was strong at R$101.6 million, up from the prior year. SAP implementation was completed on schedule. Outlook commentary discussed economic uncertainty, strategic initiatives, and protecting the balance sheet and earnings through cost controls and cash flow improvement.
The document summarizes Hering's 3Q16 financial results. Gross revenues were R$412.8 million, impacted by lower multibrand performance but partially offset by owned stores and webstore. EBITDA was R$48.8 million, down 11.1% due to operational deleveraging and expenses. Net income was R$57.5 million, down 41.2% due to non-recurring effects. For Q4, uncertainties in consumption could impact sales volatility but inventory normalization should help reduce markdowns. The company's priorities remain improving products, stores, supply chain management and inventories to boost profitability.
Cia Hering reported financial results for 4Q15 and full year 2015. Revenues declined 1.4% in 4Q15 and 6% for the full year due to challenging economic conditions in Brazil. EBITDA fell 33.6% for the full year due to sales declines and higher promotional activity. The company will focus on revamping sales growth and refurbishing stores in 2016 while controlling expenses to protect margins and earnings in the difficult market environment.
This document summarizes the financial performance of Cia. Hering in the first quarter of 2010. Some key highlights include total gross revenue increasing 38.2% to R$233.8 million, same-store sales growth of 26.6% in Hering stores, EBITDA up 126.5% to R$47.2 million with margins expanding to 24.3%, and free cash flow of R$77 million for the quarter. Forward-looking projections are based on management assumptions and depend on market conditions and economic performance.
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Acxiom FY17 Third Quarter Earnings Callacxiom2016ir
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The document provides highlights and financial results for Profarma's 3Q15 earnings release. Some key points:
- Gross revenue increased 13.2% year-over-year on a consolidated pro-forma basis.
- Consolidated EBITDA rose 9.2% to R$29.1 million with operating expenses falling 0.5 percentage points.
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Hering reported its 3Q17 results with the following highlights:
- Gross revenues increased 5.1% to R$433.7 million, influenced by own stores, webstores, and foreign market performance.
- EBITDA was R$63.8 million with 310 basis point margin expansion due to sales growth and gross margin increase.
- Net income decreased 9.8% to R$51.9 million due to a financial income gain in 3Q16 impacting comparisons.
- ROIC increased 130 basis points to 16.7% mainly due to recovery in operating results.
O documento apresenta os resultados financeiros da empresa no 3T17, com destaque para:
1) Receita bruta total de R$433,7 milhões, influenciada pelo desempenho de lojas próprias, webstores e mercado internacional.
2) Lucro líquido de R$51,9 milhões, impactado por menor receita financeira versus 3T16.
3) Geração de fluxo de caixa de R$27,9 milhões, similar ao 3T16, compensando maior investimento em capital de giro.
O documento apresenta os resultados financeiros da empresa no 2T17. Destaca o crescimento da receita bruta total de 8,3% em relação ao ano anterior, impulsionado pelo desempenho de multimarcas, lojas próprias e webstores. Apresenta também a melhora no EBITDA e lucro líquido, com expansão das margens, apesar da queda nas vendas nas lojas próprias. Por fim, discute as perspectivas conservadoras para o segundo semestre de 2017.
The document summarizes Cia. Hering's 2Q17 financial results. It reported gross revenues of R$481.4 million for the quarter, up 8.3% year-over-year. EBITDA was R$73.4 million, with a 190 basis point margin expansion. Net income increased 42.8% to R$88.0 million. The outlook notes that multibrand and franchisees orders for 3Q17 are more conservative, posing a challenge for revenue growth, but product and store initiatives remain priorities to support recovery over the year.
O documento apresenta os resultados financeiros da empresa no primeiro trimestre de 2017, com destaque para: crescimento de 3,4% na receita bruta total impulsionada pela recuperação das vendas nos canais multimarcas, lojas próprias e e-commerce; lucro líquido 29,2% maior devido à melhoria operacional e menor alíquota de imposto de renda; e geração de caixa de R$72,7 milhões.
This document summarizes Cia. Hering's 1Q17 earnings conference call. It reports that gross revenues were R$389 million, a 3.4% increase year-over-year. EBITDA was R$42.2 million, with a 130 basis point expansion in margin. Net income increased 29.2% to R$37.8 million. The company expects signs of economic recovery and improvements in products and stores to drive brand growth throughout 2017. The strategy focuses on evolving products and stores, including launching a new clothing line and updating store supply processes.
Cia Hering reported financial results for 4Q16 and full year 2016. Gross revenues declined 15.2% in 4Q16 and 8.1% for the full year. EBITDA declined 21% for the full year due to operational deleveraging and reversal of lawsuit gains. Net income declined 29.1% for the full year due to non-recurring tax effects recognized in 2015. The company expects a gradual economic recovery in 2017 but not yet materialized, and will focus on improving products, stores, e-commerce, and multibrand segments.
O documento apresenta os resultados financeiros da empresa no 4T16 e 2016. A receita bruta total foi de R$1,7 bilhão em 2016, influenciada negativamente pelo cenário macroeconômico. O lucro líquido foi de R$199,4 milhões em 2016, impactado por efeitos não recorrentes. A empresa gerou R$209,4 milhões de caixa livre no ano.
O documento descreve as atividades e estratégias da Cia. Hering ao longo de 2016, com foco nas marcas infantis PUC e Hering Kids, e na marca DZARM. As prioridades incluíram melhorias de produto, lojas e canais de venda, além de estudos sobre consumidores e segmentação do canal multimarcas.
1. In 2016, Cia. Hering executed key activities to navigate one of Brazil's biggest recessions, focusing on product and store strategic fronts.
2. Product improvements were made from High Summer onward in product lifecycle management and store refurbishment plans were implemented.
3. Looking ahead, Product and Store remain priorities, with initiatives to continue in 2017 related to both.
O documento apresenta os resultados financeiros da empresa no 3T16. A receita bruta total foi de R$412,8 milhões, influenciada negativamente pelo desempenho do canal multimarcas. O EBITDA foi de R$48,8 milhões, em queda de 11,1%, e o lucro líquido foi de R$57,5 milhões, redução de 41,2%. As vendas nas lojas próprias tiveram queda de 10,7% e a empresa segue com seu plano de reforma de lojas.
O documento apresenta os resultados financeiros da empresa no 2T16, com queda na receita bruta de 2,8% em relação ao ano anterior. Apresenta também as perspectivas para o ano, com foco nas frentes de produto e lojas para melhorar a experiência do cliente, apesar do cenário econômico desafiador.
The document summarizes the company's 2Q16 financial results. Gross revenue declined 2.8% to R$430.6 million due to weaker franchise and multibrand performance. EBITDA fell 7.8% to R$61.4 million due to lower sales and operational deleveraging. Net income was positively impacted by higher financial income and tax benefits. Cash flow increased significantly to R$85 million due to working capital reductions. For the outlook, challenges in revenue growth are expected in a recessionary economy, but economic recovery may help later in the year. Product and store initiatives aim to improve the shopping experience.
No primeiro trimestre de 2016, a empresa teve uma queda de 9,5% na receita bruta total em comparação com o mesmo período do ano anterior. O EBITDA caiu 22,6% devido ao aumento de despesas operacionais, principalmente indenizações trabalhistas. A geração de caixa livre foi de R$101,6 milhões, R$34,2 milhões a mais do que no primeiro trimestre de 2015, graças à menor necessidade de capital de giro.
O documento apresenta os resultados financeiros da empresa no 4T15 e no ano de 2015. A receita bruta total caiu 1,4% no 4T15 e 6% em 2015, influenciada pelo cenário macroeconômico desafiador. O lucro líquido caiu 42,5% em 2015, compensado parcialmente por melhor resultado financeiro e menor taxa de imposto de renda. A empresa também detalha seu plano de implementação do sistema SAP e perspectivas para 2016, com foco em retomada de crescimento de vendas.
The document outlines the agenda for Cia. Hering's Day 2015 event. It discusses progress made since 2013, including organizational model evolution focused on brands, relaunching of collection basics, and new fronts. The agenda includes sessions on channels, products and brands, PHSAP2 project, and financial management. It provides details on initiatives for the store network, multibrand, e-commerce, and individual brand strategies for Hering, Children's Fashion, and Hering For You. The goal is to drive sales growth through improved product, store management, supply, and multichannel distribution.
O documento resume os resultados financeiros da empresa no 3T15, destacando uma queda na receita bruta devido ao ambiente macroeconômico desfavorável. Apresenta também as perspectivas da empresa para focar no crescimento de vendas e recuperação de margens através de melhorias no sortimento, abastecimento e controle de custos, sem perder o foco em novas frentes de crescimento.
The document outlines the agenda for Cia. Hering's Day 2015 event. It discusses progress made since 2013, including organizational model evolution focused on brands, relaunching of collection basics, and new fronts. The agenda includes sessions on channels, products and brands, PHSAP2 project, and financial management. It provides details on initiatives for the store network, multibrand, e-commerce, and individual brand strategies for Hering, Children's Fashion, and Hering For You. The goal is to drive sales growth through improved product, store management, supply, and multichannel distribution.
Cia. Hering Investor's Day 2015_portuguêsCia Hering RI
O documento apresenta a agenda da Cia. Hering Day 2015, que inclui apresentações sobre canais de venda, produto e marcas, projetos e gestão financeira. Também descreve a estrutura organizacional da Cia. Hering e sua visão estratégica centrada em estilo de produto, consumidor, distribuição multicanal e marcas casuais.
The document summarizes Cia Hering's 3Q15 results conference call. It discusses gross revenues which were influenced by retail channel retraction. EBITDA declined 26.6% due to operational deleveraging and additional selling expenses. Net income increased 37.9% due to a non-recurring tax gain. Cash flow declined due to lower EBITDA generation and working capital erosion. Priorities going forward include sales growth through improved assortment, supply and products while recovering margins through reductions in inventory, imports and promotions. Expenses will also be controlled while building new growth fronts.
2. DISCLAIMER
This presentation contains forward-looking statements regarding the prospects of
the business, estimates for operating and financial results, and those regarding
Cia. Hering's growth prospects. These are merely projections and, as such, are
based exclusively on the expectations of Cia. Hering management concerning the
future of the business and its continued access to capital to fund the Company’s
business Plan. Such forward-looking statements depend, substantially, on changes
in market conditions, government regulations, competitive pressures, the
performance of the Brazilian economy and the industry, among other factors and
risks disclosed in Cia. Hering’s filed disclosure documents and are, therefore,
subject to change without prior notice.
4. 3Q12 Highlights
Gross Revenue of R$ 388.4 million, up 0.5%;
Sales growth of +2.1% in the Hering brand, +4.1% in Hering Kids, +10.5% in PUC and
-3.6% in dzarm.;
EBITDA of R$ 74.4 million, with EBITDA margin of 23.0%;
Net Income of R$ 54.6 million.
Hering Store Chain:
16 additional stores in 3Q12 and 88 since 3Q11, with a network of 480 stores at the
end of 3Q12
Total sales of R$ 303.0 million (+17.8% overall growth and +1% SSS growth);
4
6. SALES PERFORMANCE
Gross Revenue (R$ million) Domestic Market (R$ million)
8.1% 1,240.9
1,148.0
19.9
18.2
8.1%
3Q11 3Q12
R$ 275.0 +2.1% R$ 280.9
9.6%
0.5% 1,221.0 R$ 31.3 +4.1% R$ 32.6
1,129.8
386.6 388.4 R$ 33.3 +10.5% R$ 36.8
0.7%
8.2 7.5
-9.0% R$ 24.1 -3.6% R$ 23.2
378.4 380.9
3T11 3T12 9M11 9M12
Domestic Market Foreign Market
Gross Sales reached R$ 388.4 million in 3Q12 (+0.5%), still reflecting a challenging
scenario and difficulties experienced in the migration to the new distribution center.
6
7. STORES CHAIN EVOLUTION
535 581
17
472 16 1
1
77
16 76
1 6
5
76
4
464 480
392
3Q11 2Q11 3Q12
Hering Store Hering Kids PUC dzarm. Foreign - Franchised Total
In 3Q12, the Hering Store chain increased by 16 stores and the Company updates the
guidance for the year to 87 new stores, considering the advanced stage of openings
and the continuous interest of our franchisees in opening new stores.
7
8. HERING STORE CHAIN PERFORMANCE
Hering Store Chain Performance 3Q11 3Q12 Chg. 9M11 9M12 Chg.
Number of Stores 392 480 22.4% 392 480 22.4%
Franchise 347 431 24.2% 347 431 24.2%
Owned 45 49 8.9% 45 49 8.9%
(1)
Sales (R$ thousand) 257,321 303,015 17.8% 773,276 897,512 16.1%
Franchise 216,537 258,997 19.6% 645,312 765,628 18.6%
Owned 40,784 44,019 7.9% 127,964 131,884 3.1%
Same Store Sales growth (2) 9.0% 1.0% -8.0 p.p 15.6% -0.2% -15.8 p.p
Sales Area (m²) 51,812 65,205 25.8% 51,812 65,205 25.8%
Sales (R$ per m²) 5,091 4,716 -7.4% 16,161 14,663 -9.3%
Check-Outs 2,626,868 3,113,672 18.5% 7,873,189 8,982,807 14.1%
Units 5,610,529 6,814,849 21.5% 16,747,701 19,400,205 15.8%
Units per Check-Out 2.14 2.19 2.5% 2.13 2.16 1.5%
Average Sales Price (R$) 45.86 44.46 -3.1% 46.17 46.26 0.2%
Average Sales Ticket (R$) 97.96 97.32 -0.7% 98.22 99.91 1.7%
(1)
The amounts referred to the sales to final costumers. (sell out concept)
(2)
Compared to the same period of the previous year
Total sales of Hering Store chain grew 17.8% in 3Q12 due to stores openings, while
same store sales posted an increase of 1%.
8
9. GROSS PROFIT AND EBITDA
Gross Profit and Gross Margin EBITDA and EBITDA Margin
49.3% 27.7% 27.6% -1.0 p.p.
48.4% 26.6%
-4.2 p.p. -2.0 p.p. -4.7 p.p.
46.4% 23.0%
48.1% 45.1% 47.4% -2.2 p.p.
-4.3 p.p.
45.2%
4.3%
43.9%
5.3%
260.7 274.4
447.7 467.1
-16.2%
154.4 -7.9% 142.2 88.8 74.4
3Q11 3Q12 9M12 9M11 3Q11 3Q12 9M11 9M12
Gross Profit Gross Margin Cash Gross Margin EBITDA EBITDA Margin
Greater promotional activity discounts and sales performance below expectations
caused a 4.3 p.p. contraction in gross margin that, combined with higher marketing
expenses, led to a decrease in EBITDA margin by 4.7 p.p.
9
10. NET PROFIT AND CAPEX
Net Profit (R$ million) Capex (R$ million)
19.9% 20.3% 0.0 p.p. 20.3% 39.6
-3.0 p.p.
16.9% 3.4
37.0% 1.5
28.9
13.6
9.3% 7.2
19.9 0.5
50.8% 1.5
210.0 0.3 6.1
192.1 13.2 5.4
-14.2%
1.7
0.2 21.1
4.5 15.1
12.7
63.7 54.6 6.8
3Q11 3Q12 9M11 9M12 3Q11 3Q12 9M11 9M12
Net Income Net Margin Industry IT Other Stores
Weaker operating result causing a decrease in EBITDA and EBITDA margin, partly offset
by higher net financial income, resulted in net margin decline of 3.0 p.p.
10
11. CASH FLOW
Cash Flow - Consolidated (R$ thousand) 3Q11 3Q12 Chg. 9M11 9M12 Chg.
EBITDA 88,800 74,431 (14,369) 260,656 274,414 13,758
Non cash items 603 815 212 1,642 2,556 914
Current Income tax and Social Contribution (23,187) (18,022) 5,165 (65,026) (62,571) 2,455
Working Capital Investment 2,010 48,779 46,769 (37,308) 51,936 89,244
Decrease in trade accounts receivable 34,599 33,835 (764) 5,002 39,101 34,099
Decrease (increase) in inventories (26,047) (10,459) 15,588 (32,712) 3,158 35,870
Increase (decrease) in accounts payable to suppliers (1,675) 20,610 22,285 (11,030) 24,503 35,533
Increase (decrease) in taxes payable 4,466 (1,748) (6,214) 16,027 (16,647) (32,674)
Others (9,333) 6,541 15,874 (14,595) 1,821 16,416
CapEx (13,224) (19,875) (6,651) (28,895) (39,596) (10,701)
Free Cash Flow 55,002 86,128 31,126 131,069 226,739 95,670
Reconciliation from accounting Cash flow to adjusted Cash flow (R$ thousand) 3Q11 3Q12 Chg. 9M11 9M12 Chg.
CFS - Cash provided by operating activities (accounting) 74,217 113,636 39,419 179,712 296,130 116,418
Adjustment – Financial items allocated to operating cash (5,991) (7,633) (1,642) (19,748) (29,795) (10,047)
Unrealized exchange and monetary variation (1,164) (151) 1,013 (3,713) (2,263) 1,450
Financial Result (5,890) (8,082) (2,192) (19,503) (29,612) (10,109)
Interest paid on loans 1,063 600 (463) 3,468 2,080 (1,388)
CFS - Cash flow from investing activities (13,224) (19,875) (6,651) (28,895) (39,596) (10,701)
Free Cash Flow 55,002 86,128 31,126 131,069 226,739 95,670
Increase of R$ 31.1 million in free cash flow, mostly due to lower investments in
working capital, associated with lower level of growth and reduction in inventories of
finished goods versus previous year.
11
12. INDEBTEDNESS
Net Debt (R$ million) Short Term x Long Term
4.6
3.5
Short
0.1 Term
(0.2) (0.2) 98.8%
(0.7) (0.5) (0.7) Long
Term
201.3 184.6 1.2%
11.0
(33.4) (25.1)
(61.9) (207.3) (301.0)
2005 2006 2007 2008 2009 2010 2011 3Q12
Gross Debt = R$ 25.8 million
Net Debt/ EBITDA*
* LTM EBITDA
Cia. Hering closed 3Q12 with a net cash position of R$ 301.0 million and reduced its
debt by R$ 2.1 million.
12
14. OUTLOOK
Market factors as well as internal factors led to a performance below expectations, both
in terms of sales and results throughout past quarters
Actions pursued by the management together with signs of improvement in the
macroeconomic environment tend to normalize sales performance of our brands
High summer showroom has shown increase in demand from both the franchised chain and
the multi-brand retail
Hering brand maintains high growth potential, although not in the same levels from past
years:
Stores openings (update in guidance to 87 in 2012) and SSS growth in Hering Store network
(improvement in product mix offering, visual merchandising actions and increase in stores traffic)
Multibrand retail channel: continuous market share increase in existing clients through distribution
specialization.
Children’s market :
Share increase in the multibrand channel with Hering Kids and PUC brands
Expansion of the Hering Kids format – opening of 20 stores in 2012
Continuous adjustments in PUC chain, with discontinuation / relocation of a few other
operations
Maintenance of the dzarm. strategy, combined with investments in marketing and flagship
stores
Resumption of good performance in online sales, post period of investments and
adjustments 14
15. INVESTOR RELATIONS TEAM
Fabio Hering – CEO
Frederico Oldani – CFO and IRO
Patrícia Salem – IR Manager
Tel. +55 (11) 3371-4867
E-mail: ri@hering.com.br
Website: www.ciahering.com.br/ri