Magazine Luiza S.A. reports Q1 results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 10 2024
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Source: SeekingAlpha
- Magazine Luiza S.A. Financial Performance: Total sales in 1Q24 reached R$16 billion, up by 3% from 1Q23.
- Magazine Luiza S.A. Earnings: Q1 Adjusted EBITDA increased by 54% to R$688 million.
- Magazine Luiza S.A. Net Income: Reported a net income of R$30 million for the first quarter.
- Magazine Luiza S.A. Cash Position: Maintained a total cash position of R$9.0 billion.
- Additional Information: Includes links to Magazine Luiza S.A.'s Q4 2023 earnings call transcript and historical financial data.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
