Brazilian firm Arezzo’s revenue soars 12.7% in Q3 FY23

Brazil-based footwear company Arezzo reported a 12.7 per cent revenue increase to R$1.6 billion in Q3 FY23, with a notable rise in gross margin and EBITDA.
The company’s active customer numbers grew to 5.5 million, and digital sales surged, indicating strong omnichannel and DTC performance.
Net income was reported at R$114 million in Q3 FY23.

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