|Bid||21.90 x 0|
|Ask||21.99 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (5Y Monthly)||0.67|
|PE Ratio (TTM)||365.33|
|Earnings Date||May 06, 2021|
|Forward Dividend & Yield||0.06 (0.26%)|
|Ex-Dividend Date||Dec 30, 2020|
|1y Target Est||159.54|
NEW YORK, NY / ACCESSWIRE / March 9, 2021 / Magazine Luiza SA (OTC PINK:MGLUY) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on March 9, 2021 at 11:30 AM Eastern Time.To listen to the event live or access a replay of the call - visit https://www.
Brazil retailer Magazine Luiza on Monday reported an adjusted profit of 216 million reais ($40.15 million) in the third quarter, 70% higher than a year ago and lifted by e-commerce sales that surged amid the coronavirus quarantines. In the last few months, Magazine Luiza has purchased six e-commerce startups, which the company now believes will help dilute the fixed costs of selling products online, it said.
An attempt by one of Brazil's largest retailers to target racial disparities in its management ranks sparked a backlash by the country's federal public defender's office, which accused Magazine Luiza SA of discrimination. The public defender, Jovino Bento Junior, said the retailer was basing its recruitment "exclusively on skin color" and that would be discriminatory, according to a document, dated Sept. 28, in which he proposes a lawsuit against the company. Last month, the department store chain and Internet retailer launched a trainee program exclusively focused on recruiting Black people, saying the move was aimed at increasing diversity in its executive ranks.