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Article Date: August 2018
Word Count: 126

Netshoes Posts Q2 Loss, Will Sell Mexican Ops

Net loss expanded to R$38.1 million ($10.6 mm) from a loss of R$35.2 million in the second quarter on a 3% revenue decline to R$449.8 million ($124.8 mm) from R$461.3 million. Gross margin dropped 250 basis points to 30.6%. NETS attributed the lower top line and contracting margins to a truckers’ strike in May and a warmer winter season in its home Brazil ... Log in to view full article.


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