Business
Grazziotin: Net income plunged 65.73% year-over-year amid weak sales, but cash reserves rose and buybacks began
Grazziotin: Net income plunged 65.73% year-over-year amid weak sales, but cash reserves rose and buybacks began
About this update from Grazziotin S.a.
Net revenue fell 7.67% and net income dropped 65.73% year-over-year, impacted by weak retail demand, adverse weather, and store closures. Financial services grew, but agro results declined sharply. Cash position strengthened and a new share buyback program was launched.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.