Veste news and archive

Veste records strongest first quarter net income in seven years

The Brazilian high-end apparel group Veste S.A. Estilo (Veste) has released its financial results for the first quarter of 2026, ending March 31, 2026. The company, which operates a portfolio of premium brands including Le Lis, Dudalina, and Bo.bô, recorded a net income of 11.40 million Brazilian reals (2.27 million dollars). This performance...

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Brazilian apparel group Veste posts 10.4 percent revenue increase in 2025

Brazilian high-end apparel group Veste, which operates a portfolio including Le Lis and Dudalina, has consolidated its business model following a year of strategic execution and improved operational discipline. The company reported net revenue of 1.24 billion Brazilian reals (0.24 billion dollars) for the full year 2025, representing a 10.4...

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Key brands drive Veste's third quarter growth

Veste S.A. Estilo, one of Brazil’s leading premium clothing and accessories groups, reported strong third-quarter results for 2025, marked by double-digit revenue growth, expanding margins, and continued operational momentum across its portfolio of brands. The company posted gross revenue of 378.9 million real (71.6 million dollars) in the third...

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Veste reports strong Q2 driven by B2B and digital growth

Veste S.A. Estilo, a high-end clothing and accessories company from Brazil, has released its financial results for the second quarter of 2025, reporting growth across its key metrics. The company's gross revenue for the quarter reached 398.8 million Brazilian real, marking a 7.2 percent increase compared to the same period in 2024. This was...

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Veste posts 4 percent growth in Q1 with B2B up 12 percent

Veste S.A. Estilo, a Brazilian company in the high-end clothing and accessories segment, has released its first-quarter 2025 results with gross revenue of 325 million Brazilian real (57.96 million dollars), a 4 percent increase compared to the same quarter last year. Adjusted gross profit reached 168.9 million Brazilian real, up by 6.8 percent...

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Strong B2B sales and same-store growth fuel Veste's financial results

Veste, a prominent Brazilian high-end fashion retailer, reported a 9.7 percent year-over-year increase in fourth-quarter gross revenue, reaching 392.9 million Brazilian real (68.5 million dollars). The growth was fueled by strong retail performance from Le Lis and Dudalina, a 26.7 percent surge in B2B sales, and a 4 percent rise in John John's...

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16.5 percent drop in B2B channel impacts Veste's Q3 results

In the third quarter of 2024, Veste recorded a gross revenue of 329.2 million Brazilian real, a decrease of 2.7 percent. The company’s consolidated same store sales rose 1.9 percent and considering only the Le Lis, Dudalina and Bo.Bo brands, the same-store sales indicator was 4.5 percent. The company said in a statement that the performance is a...

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Veste's Q2 sales up but weak demand for John John impacts results

Brazilian high-end fashion firm Veste reported gross revenue of 371.9 million Brazilian real in the second quarter, a 3.3 percent increase compared to the same quarter of 2023. The company said in a release that the performance was led by the positive evolution in brands Dudalina, Le Lis and Bo.Bo and B2C channel, partially affected by the...

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Veste reports 2.7 percent drop in Q1 revenue

Veste, a company in the high-end clothes and accessories segment in Brazil, reported gross revenue of 312.6 million Brazilian real in the first quarter, down 2.7 percent. The company’s adjusted gross profit of 158.2 million Brazilian real, declined 6.8 percent with adjusted gross margin of 62.9 percent, down 1.1 p.p. First quarter adjusted...

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Veste delivers 2023 revenues growth of 4.6 percent

Gross revenue at Veste of 358 million Brazilian real in the fourth quarter, increased 3 percent, while in 2023, revenue of 1.4 billion Brazilian real, rose 4.6 percent versus 2022. Gross profit for the quarter of 189.7 million Brazilian real, rose 1.5 percent and full year gross profit of 728.8 million Brazilian real increased 9.1 percent. Gross...

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Veste posts 8 percent revenue growth in Q2

Brazilian clothing and accessories company Veste S.A. Estilo reported second quarter gross revenue of 360 million Brazilian real, up 8 percent. The company said in a release that the company achieved its ninth consecutive positive quarter of same store sales with an increase of 12.5 percent. Operational highlights of Veste’s Q2 results gross...