Natura Fourth-Quarter Net Profit Beats Expectations | The Business of Beauty

Natura owns brands like Avon and The Body Shop. Shutterstock.

Brazilian cosmetics maker Natura & Co, owner of brands like Avon and The Body Shop, reported fourth quarter net profit of 175.7 million reais ($31 million), topping a Refinitiv estimate of 89.4 million reais.

The company attributed the rise in net profits from a year ago to increased revenue and cost controls.

The company reported earnings before interest, taxes, depreciation and amortization (EBITDA) of 1.25 billion reais in the quarter, slightly undershooting Refinitiv’s 1.29 billion reais estimate.

By Alberto Alerigi Jr; editor: Chris Reese.

Credit: Source link


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