Insight Report 3 minutes PremiumMagazine Luiza (BVMF: MGLU3) 4Q15 Results: Earnings Miss Estimates; E-Commerce Sales Up, Brick-and-Mortar Sales Down Coresight Research March 1, 2016 Executive Summary Magazine Luiza reported 4Q15 net revenues of R$2.5billion, down 8.7% year over year and in line with the consensus estimate. EPS of R$(2.34) was well below the consensus estimate of R$(0.68). Comps decreased by 11.6%, while e-commerce sales increased by 19.1%. Brick-and-mortar sales were down 17.6%. E-commerce sales accounted for 21.1% of total sales. Net revenues for 2015 were down 8.2%, to R$9.0 billion. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Surprising Declines in Consumer Activity: US Consumer Survey InsightsWeinswig’s Weekly: Retail Media Networks Present a Challenging but Highly Rewarding OpportunityJanuary and February 2023 China Retail Sales: Total Sales Pick Up as Most Sectors Report Positive GrowthWeekly US and UK Store Openings and Closures Tracker 2023, Week 45: Amazon Completes Its Brick-and-Mortar Retreat to Grocery
