|Bid||6.61 x 0|
|Ask||6.63 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (5Y Monthly)||0.99|
|PE Ratio (TTM)||41.90|
|Earnings Date||Aug. 14, 2020 - Aug. 15, 2020|
|Forward Dividend & Yield||0.23 (3.48%)|
|Ex-Dividend Date||Jan. 05, 2021|
|1y Target Est||12.00|
NEW YORK, NY / ACCESSWIRE / May 7, 2021 / Lojas Americanas SA (SAO:LAME3) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 7, 2021 at 2:30 PM Eastern Time.To listen to the event live or access a replay of the call - visit https://www.
Brazilian retailer Lojas Americanas SA tripled its loss in the first quarter, as higher expenses to expand its financial arm Ame offset strong sales growth, the company said late on Thursday. Lojas Americanas, which is in the process of transferring assets to its e-commerce subsidiary B2W Companhia Digital , lost 163 million reais ($31 million) in the first quarter, 231% higher than the loss it posted a year ago. Net revenue grew 29% to 5 billion reais, but expenses rose 50% to fund expansion in the digital platform and financial arm.
Lojas Americanas SA will transfer its assets to fellow Brazilian retailer B2W under a stock transaction agreement approved by both companies' boards, according to filings on Wednesday. Although the markets expected a merger between B2W and Lojas Americanas, the transaction announced on Wednesday will keep both companies listed separately. B2W will receive assets currently owned by Lojas Americanas that are valued at 6.3 billion reais ($1.18 billion) by XP Investimentos, which was hired to appraise the assets that correspond mainly to brick-and-mortar stores and distribution centers.