Veste news and archive

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...