Business
Grupo Mateus: Revenue up 12.9% but net income down 21.8% amid higher costs and SSS decline
Grupo Mateus: Revenue up 12.9% but net income down 21.8% amid higher costs and SSS decline
About this update from Grupo Mateus Sa
Net revenue grew 12.9% year-over-year to R$9.4 billion, but net income fell 21.8% due to higher expenses and operating deleverage. Same-store sales declined 7.3%, while cash generation and leverage improved, reflecting disciplined capital allocation.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.