Petz, a retail chain focused on pet products, announced on Wednesday night (16), an increase of 16.2% in net income for the fourth quarter of 2021 compared to the same period of the previous year, to R$ 31.9 million. The increase in sales, especially in the digital channel, weighed on the results.
The operating result measured by earnings before taxes, interest, depreciation and amortization (Ebitda) accelerated 31.1% in the period, to R$ 57.9 million. Without non-recurring effects, the increase was 39.4%.
Total quarterly gross revenue was R$694.5 million, up 32.3% year-on-year, the eighth consecutive quarter of expansion above 30%, according to Petz.
Same-store sales expanded 16.9%, while gross revenue from the digital channel jumped 57.1%, to R$214.5 million.
The growth in the online segment “happened on a comparative basis already benefited by the increase in the participation of digital as a reflection of the pandemic”, says Petz.
The company’s financial result evolved to a positive R$ 1.2 million, compared to a negative R$ 4.1 million in the previous year, due to the inflow of fundraising resources with the offering of shares and better returns on investments due to higher interest rates .
Source: CNN Brasil
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