Brazilian retailer Magazine Luiza logged a net profit in the first quarter, it reported on Thursday, reversing a year-ago loss as its financial expenses shrank and core margins came up to a four-year high. Magazine Luiza, one of the largest retailers in Brazil, brought in a net profit of 27.9 million reais ($5.4 million) in the first quarter, in line with analysts' expectations, as financial expenses came down around 40%. Magazine Luiza reported net revenues up 1.9% year-on-year to 9.24 billion reais, slightly below the LSEG-compiled estimate of 9.48 billion reais, as sales rose at both brick-and-mortar stores and on its marketplace platform.
Retirement is a time when you can finally relax and enjoy your hobbies. However, some hobbies can be quite expensive, and your pastimes could do a number on your retirement budget. Explore More: These...
A nine-year veteran employee in Walmart’s shipping department agreed to anonymously unveil clever tips, tricks and intel learned from their nearly two decades of navigating store operations behind the scenes. From savings hacks to shopping efficiency guidance, we break down the insider knowledge this staffer believes all customers should wield when entering those familiar sliding glass doors.