Veste posts 4 percent growth in Q1 with B2B up 12 percent
Dudalina store Credits: Dudalina, Facebook Veste S.A. Estilo, a Brazilian company in the high-end clothing and accessories segment, has released its first-quarter 2025 results with gross revenue of 325 million Brazilian real (57.96 million dollars), a 4 percent increase compared to the same quarter last year. Adjusted gross profit reached 168.9 million Brazilian real, up by 6.8 percent from the same period last year, with a stable adjusted gross margin of 62.9 percent. The company's adjusted EBITDA grew by 5.3 percent to 46.8 million Brazilian real. Operationally, the company saw a 4.3 percent increase in consolidated same-store sales. Full-price sales in the B2C channel, including both stores and websites, reached 69 percent for the quarter, surpassing the previous year's level. Digital B2C revenue grew by 17.4 percent to 62.4 million Brazilian real, and the company launched the BO.BO app, which has seen strong initial uptake. Veste's B2B channel also showed growth, with gross revenue reaching 70 million Brazilian real, a 12 percent increase compared to the first quarter of 2024. Across brands, Le Lis gross revenue of 161.7 million Brazilian real, a 6.8 percent increase, with same-store sales up by 6.9 percent. Dudalina revenue of 57.8 million Brazilian real, increased by 7.8 percent,, with same-store sales up by 1.3 percent. John John revenue of 40.5 million Brazilian real, saw a 2.2 percent decrease, with same-store sales up by 0.1 percent. Bo.Bo revenue of 30.7 million Brazilian real, decreased 0.6 percent, with same-store sales down by 1.3 percent. Individual revenue of 16.4 million Brazilian real rose 0.8 percent compared to last year. The company opened three new Dudalina franchises as part of its expansion project.
Veste S.A. Estilo, a Brazilian company in the high-end clothing and accessories segment, has released its first-quarter 2025 results with gross revenue of 325 million Brazilian real (57.96 million dollars), a 4 percent increase compared to the same quarter last year.
Adjusted gross profit reached 168.9 million Brazilian real, up by 6.8 percent from the same period last year, with a stable adjusted gross margin of 62.9 percent. The company's adjusted EBITDA grew by 5.3 percent to 46.8 million Brazilian real.
Operationally, the company saw a 4.3 percent increase in consolidated same-store sales. Full-price sales in the B2C channel, including both stores and websites, reached 69 percent for the quarter, surpassing the previous year's level. Digital B2C revenue grew by 17.4 percent to 62.4 million Brazilian real, and the company launched the BO.BO app, which has seen strong initial uptake.
Veste's B2B channel also showed growth, with gross revenue reaching 70 million Brazilian real, a 12 percent increase compared to the first quarter of 2024.
Across brands, Le Lis gross revenue of 161.7 million Brazilian real, a 6.8 percent increase, with same-store sales up by 6.9 percent. Dudalina revenue of 57.8 million Brazilian real, increased by 7.8 percent,, with same-store sales up by 1.3 percent.
John John revenue of 40.5 million Brazilian real, saw a 2.2 percent decrease, with same-store sales up by 0.1 percent. Bo.Bo revenue of 30.7 million Brazilian real, decreased 0.6 percent, with same-store sales down by 1.3 percent. Individual revenue of 16.4 million Brazilian real rose 0.8 percent compared to last year.
The company opened three new Dudalina franchises as part of its expansion project.
