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Grendene: net profit 2016-2020

Published by Ana M. López, Oct 19, 2020
The net income of Brazilian footwear company Grendene fell into negative territory during the first half of 2020, with losses amounting to nearly 15 million Brazilian reals (around 2.7 million U.S. dollars, based on June 30, 2020 exchange rates). In 2019, Grendene had already registered a second consecutive year of decrease in net income, totaling 495 million Brazilian reals.
Due to the COVID-19 pandemic, the apparent consumption of footwear in Brazil is expected to suffer an year-on-year drop of more than 20 percent in 2020.

Net income generated by Grendene from 2016 to 1st half 2020 (in million Brazilian reals)

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Source

Release date

August 2020

Region

Worldwide, Brazil

Survey time period

2016 to H1 2020

Supplementary notes

Data prior to 2020 was retrieved from previous releases.

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